VOXX International has built market-leading positions in in-vehicle entertainment and automotive security, as well as in a number of premium audio market segments, building an extensive distribution network that includes power retailers, mass merchandisers, 12-volt specialists and many of the world's leading automotive manufacturers.
On March 31, 2025, VOXX held a special meeting of its stockholders to approve the Merger Agreement and related matters, and VOXX stockholders overwhelmingly voted in favor of the transaction. With regulatory and stockholder approval obtained and all closing conditions met, on April 1, 2025, Gentex completed its acquisition of the company.
"First and foremost, to all VOXX employees, both past and present, I, the Board and the management owe you a debt of gratitude. Your dedication, passion and tireless spirit have carried us through every challenge and triumph for more than 60 years. To our customers and partners, and all those we've worked with throughout the years, thank you for your trust in us. We have accomplished great things together and I personally, am grateful for the relationships and memories," stated Ari Shalam, Chairman of the Board of VOXX International.
"VOXX now embarks on a new era as the acquisition of VOXX by Gentex isn't just a transaction, it's a transformation. It's a new beginning that opens doors to an even brighter future as Gentex brings a legacy of innovation, a commitment to quality and a vision for growth. We all believe the VOXX business, and its legacy is in great hands under the stewardship of Steve Downing and the entire Gentex family."
Gentex is a technology company and long-time supplier of electro-optical products for the global automotive, aerospace, fire protection and medical industries. The company is best known for automotive electronics, but continues to grow its capabilities in vision systems, sensing, AI development, biometrics, home automation, and other smart technologies.
"VOXX brings products, capabilities, and market expertise that complements our existing business lines, even beyond automotive," said Gentex Chief Operations Officer and Chief Technology Officer Neil Boehm. "For instance, we're particularly excited about utilizing VOXX's expertise in consumer product distribution, retail sales, and mass merchandising as we continue to expand our smart home product portfolio under our PLACE and HomeLink brands. VOXX's current business is comprised of products for the automotive OEM and aftermarket, as well as the consumer electronics industry. The acquisition also includes EyeLock, an iris biometric technology, and the Premium Audio Company, which provides premium audio solutions through world-renowned brands such as Klipsch, Onkyo and Integra.
On April 1, 2025, VOXX notified the Nasdaq Stock Market that the Merger had been completed, and requested that the Nasdaq suspend trading of the shares of Class A Common Stock on the Nasdaq and withdraw the Class A Common Stock from listing on the Nasdaq.
www.voxxintl.com
www.gentex.com
