Gentex Corporation announced the successful closing of its acquisition of VOXX International Corporation on April 1, 2025. The transaction, an all-cash deal at $7.50 per share, received overwhelming approval from VOXX stockholders and met all regulatory and closing conditions.
This acquisition is expected to add between $325 million and $375 million in revenue to Gentex on an annualized basis, with an anticipated contribution of $240 million to $280 million to calendar year 2025 revenue before any tariff impacts. The integration brings VOXX's automotive OEM and aftermarket, consumer electronics, and premium audio businesses, including brands like Klipsch and Onkyo, into Gentex.
The merger also includes EyeLock's iris biometric technology, which Gentex plans to leverage across its automotive, aerospace, and medical markets. VOXX's Class A Common Stock has been suspended from trading on the Nasdaq Stock Market LLC following the completion of the merger.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.