Printed from http://www.electronista.com

Audiovox moves to acquire Klipsch

updated 09:15 pm EST, Fri January 7, 2011

Deal has yet to be finalized

Audiovox has made a preliminary move to acquire the Indianapolis-based speaker manufacturer Klipsch Group. The deal has yet to be finalized, as Audiovox has only signed a "non-binding term sheet" to purchase all Klipsch shares. The buyer must also negotiate and sign a definitive agreement and obtain the necessary approvals.

Audiovox initially established itself in the automotive stereo market, however the company has continued to expand its reach into a variety of additional markets. Other Audiovox acquisitions include brands such as Jensen, RCA and Acoustic Research.

If the deal is sealed, Klipsch will represent a high-end label among Audiovox's brand portfolio. Audiovox has yet to disclose specific details regarding its potential strategy for the brand, however.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

STM Trust technology bag

The search for a good messenger bag that doubles as a laptop bag is something many travelers find themselves facing at least once. Bet ...

PenClic Bluetooth mouse

Windows 8 aside, computer users have been trained that a mouse is the proper way to navigate through the desktop for many years now. T ...

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Sponsor

toggle

Most Commented

 
toggle

Popular News