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VOXX International Corporation Announces Definitive Agreement to Acquire Car Communication Holding GmbH for 85M Euros

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VOXX International Corporation (NASDAQ: VOXX) announced today that it has entered into a definitive agreement to acquire Car Communication Holding GmbH and its worldwide subsidiaries for total consideration of euro 85 million, subject to certain contingencies and adjustments, plus related transaction fees and expenses.

Hirschmann, headquartered in Neckartenzlingen, Germany, is a leading supplier of communications and infotainment solutions, primarily to the automotive industry, and counts among its global customers, Audi, BMW, DAF, Daimler, PSA, Renault, and Volkswagen Group, among others. Hirschmann will become a wholly-owned subsidiary of VOXX International.

Posted-In: News M&A

 

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