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

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News