M&A Deal Summary

VOXX International Acquires Vehicle Safety Manufacturing

On February 3, 2020, VOXX International acquired automotive company Vehicle Safety Manufacturing from Rostra Precision Controls for 17M USD

Acquisition Highlights
  • This is VOXX International’s 1st transaction in the Automotive sector.
  • This is VOXX International’s 6th largest (disclosed) transaction.
  • This is VOXX International’s 4th transaction in the United States.
  • This is VOXX International’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2020-02-03
Target Vehicle Safety Manufacturing
Sector Automotive
Buyer(s) VOXX International
Sellers(s) Rostra Precision Controls
Deal Type Divestiture
Deal Value 17M USD
Advisor(s) Angle Advisors LLC (Financial)

Target

Vehicle Safety Manufacturing

Newark, New Jersey, United States
website
Vehicle Safety Manufacturing LLC is a provider of heavy-duty turn signal switches, lighting products, and safety components to both Original Equipment Manufacturers and aftermarket customers in the heavy-duty and slow-moving vehicle marketplaces. Vehicle Safety Manufacturing was founded in 1979 and is based in Newark, New Jersey.

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Buyer(S) 1

Buyer

VOXX International

Orlando, Florida, United States

website

Category Company
Founded 1960
Sector Electronics
Employees775
Revenue 636M USD (2022)
DESCRIPTION

VOXX International is a consumer electronics company that designs, manufactures, and distributes a wide range of products including automotive entertainment systems, home audio equipment, and security solutions. VOXX International is focused on innovation, investing in research and development to create cutting-edge products that meet the needs of today's tech-savvy consumers. VOXX International was founded in 1960 and is based in Orlando, Florida.

DEAL STATS #
Overall 9 of 10
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 2
State (New Jersey) 1 of 1
Country (United States) 4 of 4
Year (2020) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-12 VOXX German Holdings

Pulheim, Germany

VOXX German Holdings GmbH is a manufacturer and supplier of consumer electronics products. VOXX also operates worldwide, has developed a wide range of products under a portfolio of well-known brands for decades. These brands include: MAGNAT , MAGNAT.LZR , OEHLBACH , HECO , MAC AUDIO , AUDIOVOX , 360FLY , SCHWAIGER , ACOUSTIC RESEARCH , 808audio. VOXX German Holdings GmbH is based in Pulheim, Germany.

Sell $19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 Onkyo - Audio/Video Business

Osaka, Japan

Onkyo's Audio/Video Business manufactures and markets audio-visual-related products. Onkyo's Audio/Video Business is based in Osaka, Japan.

Buy -

Seller(S) 1

SELLER

Rostra Precision Controls

Laurinburg, North Carolina, United States

website

Category Company
Founded 1987
Sector Automotive
DESCRIPTION

Rostra Technologies, Inc. is a manufacturer of electronic, electromechanical and mechanical control devices and tools. Rostra's primary focus is on electronic parts for the automotive aftermarket, although it also serves the automotive and truck OEM markets and various niche markets.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 2 of 2
Type (Divestiture) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-19 Rostra Powertrain Controls

Laurinburg, North Carolina, United States

Rostra Powertrain Controls is a manufacturer and distributor of OE (Original Equipment) and aftermarket automotive products. Product categories include solenoids, sensors, switches, wire harnesses, modulators, and vacuum-actuated assemblies. Rostra Powertrain Controls is based in Laurinburg, North Carolina.

Sell -
Mergr

Product

Company

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