Gentex to Acquire VOXX International in an All-Cash Transaction

Gentex Corporation (GNTX) entered a merger agreement on December 18, 2024, to acquire VOXX International Corporation (VOXX) for $182.24 million in cash.

Deal Structure:

Under the terms of the agreement, Gentex will acquire all the issued and outstanding shares of VOXX common stock not already owned by Gentex for $7.50 per share, which is at a 3.47% discount from the stock’s last close.

Company Profile:

VOXX is a U.S.-based company specializing in automotive and consumer electronics, offering in-vehicle entertainment, security systems, premium audio products, and biometric security solutions.

Gentex is a global supplier of auto-dimming mirrors, automotive electronics, dimmable aircraft windows, and fire protection products, serving automotive, aviation, and fire safety markets.

Deal Details and Timeline:

Through the merger, expected to close in the first quarter of 2025, Gentex expects its yearly revenue to increase between $350 million and $400 million.

Gentex’s purchase of VOXX International values the latter at 0.42 times its sales.

Deal Metrics:

For a detailed analysis of this merger and acquisition transaction, please visit the Deal Metrics page here:

Deal Metrics for the acquisition of VOXX International Corporation (VOXX) by Gentex Corporation (GNTX)

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement through eventual completion or failure.
• A timeline of pivotal events, including expiration of the HSR period, regulatory approvals, shareholder votes, and more.
• Access to news and SEC filings related to the deal.
• A history of deal updates.
• And much more valuable information

Disclaimer: Please conduct your own due diligence before buying or selling any securities mentioned in this article. We do not guarantee the completeness or accuracy of the content or data provided in this article.

Editor’s Note: Baranjot Kaur contributed to this article