GENTEX CORP (GNTX): M&A transaction — Gentex closes acquisition of VOXX International for $7.50 per share; expects $325M-$375M annual revenue boost

GENTEX CORP

Deal closed April 1, 2025; all VOXX shares acquired for $7.50 each in cash.
Annual revenue expected to increase $325M–$375M from the acquisition.
Adds VOXX automotive, consumer electronics, premium audio (Klipsch, Onkyo, Integra) and iris biometrics (EyeLock).
Gentex plans to utilize VOXX's consumer distribution for smart home products under PLACE and HomeLink brands.
VOXX becomes a wholly owned subsidiary of Gentex; integration and profitability improvements cited.

item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GENTEX CORP completed an acquisition involving VOXX International Corporation for $7.50 per share (closed 2025-04-01).

Action: acquisition
Counterparty: VOXX International Corporation
Consideration: $7.50 per share
Closing: 2025-04-01

Exact text from the filing

appraisal rights in accordance with the Delaware General Corporation Law in respect of such shares) were cancelled and converted into the right to receive cash in the amount of $7.50 per share (the “Per Share Merger Consideration”), without interest, less any required withholding taxes. In addition, at the Effective Time, restricted stock units of VOXX (“VOXX

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Source: SEC EDGAR

accession 0000355811-25-000013

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