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Stock impact report

Gentex Announces Closing of VOXX International Acquisition

Gentex Corporation (GNTX) 
Last gentex corporation earnings: 4/24 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.gentex.com/investor-relations
Company Research Source: GlobeNewswire
ZEELAND, Mich., April 01, 2025 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX) announced today that it has closed on the strategic acquisition of VOXX International, a global supplier of automotive and consumer electronics as well as premium audio equipment. Gentex is a technology company and long-time supplier of electro-optical products for the global automotive, aerospace, fire protection and medical industries. The company is best known for automotive electronics, but continues to grow its capabilities in vision systems, sensing, AI development, biometrics, home automation, and other smart technologies. Under the terms of the agreement, which was recently approved by VOXX shareholders, Gentex acquired all the issued and outstanding shares of VOXX common stock not already owned by Gentex for a purchase price of $7.50 per share. The Company expects its annual revenue to increase in the range of $325 million to $375 million as a result of the acquisition. “VOXX brings prod Show less Read more
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