VOXX International Corporation Agrees to Acquire The Home Audio/Video Business of Onkyo Home Entertainment Corporation

VOXX International Corporation announced that it has signed a Letter of Intent to acquire the Home Audio/Video business of Onkyo Home Entertainment Corporation, along with Sharp Corporation as its partner. VOXX and Sharp have been granted exclusivity while discussions remain underway. VOXX had recently been confirmed as the exclusive distributor in the Americas of the Onkyo brand.

Acclaimed French audio manufacturer Devialet, announced a fundraise of $106 million in capital through a co-investment led by Ginko Ventures with participation from international industrial and institutional investors including Foxconn, Groupe Renault, Sharp Corporation, Playground Global, Naver, Roc Nation, Future French Champions, CM-CIC Investissement and Bpifrance. Devialet has raised $160 million to-date.

With more than 3,600 exhibitors across the largest show floor in history with more than 2.2 million net square feet of exhibit space, breaking last year’s previously set record of 2.06 million net square feet, the 2015 International CES is poised to be a record-breaking show. Owned and produced by the Consumer Electronics Association (CEA), the 2015 International CES runs through Friday, January 9.