M&A Deal Summary

VOXX International Acquires Onkyo - Audio/Video Business

On June 3, 2021, VOXX International acquired electrical equipment company Onkyo - Audio/Video Business from Onkyo

Acquisition Highlights
  • This is VOXX International’s 2nd transaction in the Electrical Equipment sector.
  • This is VOXX International’s 1st transaction in Japan.

M&A Deal Summary

Date 2021-06-03
Target Onkyo - Audio/Video Business
Sector Electrical Equipment
Buyer(s) VOXX International
Sellers(s) Onkyo
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

VOXX International

Orlando, Florida, United States

Category Company
Founded 1960
Sector Electronics
Employees911
Revenue 469M USD (2024)
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. It is focused on innovation, investing in research and development to create cutting-edge products to meet the needs of today's tech-savvy consumers. VOXX International was founded in 1960 and is based in Orlando, Florida.


DEAL STATS #
Overall 10 of 10
Sector: Electrical Equipment M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Japan M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS 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

Seller(S) 1

SELLER

Onkyo

Osaka, Japan

Category Company
Sector Electronics
DESCRIPTION

Onkyo is an operator of audio and video home entertainment industry, selling a variety of A/V and stereo receivers, amplifiers and hi-fi components under the Onkyo and Integra brands. Onkyo is based in Osaka, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Japan M&A 1 of 1
Year: 2021 M&A 1 of 1