M&A Deal Summary

HF Company Acquires VOXX German Holdings

On June 12, 2019, HF Company acquired electronics company VOXX German Holdings from VOXX International for 19M USD

Acquisition Highlights
  • This is HF Company’s 1st transaction in the Electronics sector.
  • This is HF Company’s largest (disclosed) transaction.
  • This is HF Company’s 1st transaction in Germany.

M&A Deal Summary

Date 2019-06-12
Target VOXX German Holdings
Sector Electronics
Buyer(s) HF Company
Sellers(s) VOXX International
Deal Type Divestiture
Deal Value 19M USD

Target

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.

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Buyer(S) 1

Buyer

HF Company

Tauxigny, France

website


Category Company
Sector Manufacturing
DESCRIPTION

HF Company is an international manufacturer and retailer on equipment as terrestrial and TV reception, digital peripheries, home automation, and networks (ADSL, VDSL and CPL). HF Company is based in Tauxigny, France.


DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-19 Avidsen

Tours, France

Avidsen designs and distributes solutions and connected equipment for individuals and professionals. Avidsen markets a wide range of products through different brands. Avidsen is based in Tours, France.

Sell €24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-20 Metronic

Tarifigny, France

Metronic offers techno products designs and distributes innovative products for broadcasting and receiving images at home (TV and audio accessories, amplifiers, decoders, connectors, headsets, speakers, etc.) as well as telephone accessories and audio products. MEDTRONIC brand products are distributed in Europe through a variety of channels, including the largest national retailers in each country. Metronic was founded in 1987 and is based in Tarifigny, France.

Sell €16M

Seller(S) 1

SELLER

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 1 of 1
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-26 Hirschmann Car Communication

Neckartenzlingen, Germany

Hirschmann Car Communication, company delivers technologically advanced automotive antenna systems and automotive digital TV tuner systems and is recognized throughout the industry for its commitment to innovation, having developed the world's first analog to digital tuner and the first digital TV tuner for the Chinese market.

Buy $112M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Vehicle Safety Manufacturing

Newark, New Jersey, United States

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.

Buy $17M