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.

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