- Thread Starter
- #21
At the fire sales prices they paid, the Onkyo business should be able to pay its way - reports have been that it was doing OK.... but I doubt Voxx was investing much in developing the next generation of gear... All reports were that Onkyo was paying its way.The article in CE-Sphere says Gentex's acquisition of Voxx International is drawing comparisons to Masimo's acquisition of Sound United. An article in 'Stock Titan' quotes Gentex on why they acquired Voxx International:
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Gentex to Acquire VOXX International in Major $350M Revenue Growth Play, Adding Klipsch and Biometric Tech
Gentex expands into premium audio and biometrics through VOXX acquisition, adding iconic brands Klipsch and Onkyo while targeting $40-50M in annual EBITDA growth.www.stocktitan.net
I wonder what 'profitability improvements' Gentex plans to deploy. Onkyo USA's website appears to have pared their offerings of 2-channel gear to the TX-8470 receiver, a CD changer and a power amp.
I would be surprised if Klipsch were in trouble - both should be decent businesses.
But - it depends on how much debt they are saddled with in the resulting reorg....