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Voxx has been sold to new owner (Gentex).... Klipsch, Onkyo, Integra, etc...

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:


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.
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.

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....
 
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.

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....


According to a transcript of the Q2 2025 earnings call on October 11, 2024, Voxx International had pared their debt from $73 million to a net $15 million in 2024, which they characterized as working capital debt.

 
I wonder what that'll bring for Heco and Magnat, two very old German brands known for good speakers in all price ranges up to almost high end. Would be a shame to see them die.
 
I wonder what that'll bring for Heco and Magnat, two very old German brands known for good speakers in all price ranges up to almost high end. Would be a shame to see them die.
I sold Magnat in 1984 onwards and it was a fun bunch of gear and sold well. They had some really ace gear at the time and it was fun having around.
 
I sold Magnat in 1984 onwards and it was a fun bunch of gear and sold well. They had some really ace gear at the time and it was fun having around.
So did I.... we trialed the Magnats in the store I worked in, the other main speaker range we had was Boston Acoustics.... I always preferred the BA's - the Magnats were there for a few months, and then they went back to the distributor and we stuck with the BA's

They more or less disappeared from the Australian market by the 90's
 
Man, as a long time Pioneer and Onkyo fan who will be looking to upgrade in the next two years I sincerely hope they make some quality products instead of sending these marques the way of Energy and Mirage…
 
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.

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....
Klipsh has nowhere to go. It's a Costco brand. The speakers are only used by HT enthusiasts. I could easily see this brand die they way they let Boston, Energy ans Mirage die. Mirage had some excellent speakers. I still have a pair of m7si that sound as good as any I have heard
 
Klipsh has nowhere to go. It's a Costco brand. The speakers are only used by HT enthusiasts. I could easily see this brand die they way they let Boston, Energy ans Mirage die. Mirage had some excellent speakers. I still have a pair of m7si that sound as good as any I have heard
As much as I personally dislike Klipsch - a matter of taste -, what in the world is "Costco brand" supposed to mean? Last time I looked, they were popular amongst a lot more people than just home theatre enthusiasts.
 
Glad that Klipsch and Onkyo found a new home and hopefully will continue to bring new products to the market. Pricing for transaction makes me worried about the future of Sound United though. Masimo was selling them for quite a while and seems like not willing to part with SU at what the market is offering.
 
As much as I personally dislike Klipsch - a matter of taste -, what in the world is "Costco brand" supposed to mean? Last time I looked, they were popular amongst a lot more people than just home theatre enthusiasts.
Concur totally, FWIW.
 
As much as I personally dislike Klipsch - a matter of taste -, what in the world is "Costco brand" supposed to mean? Last time I looked, they were popular amongst a lot more people than just home theatre ententhusiasts.

Actually, klipsch is estimated to have about 30 percent of the home theater speaker market. The company did 58 million dollars. last year. The majority of that was based on its HT lines. Hi fi enthusiasts are not buying thier equipment to use in two channel set ups. I have eyed some of there vintage gear but that's a different story. Klipsch is not a major speaker company at all ans never was. They were over priced when VOXX purchased them. Voxx itself was barely purchased for the price it paid for Klipsch. I wish you were right and Klipsch had a larger audience than HT but Voxx is barely worth 200 million and has been bleeding money. I don't see klipsch surviving unless it's utilized in the HT space.
 
... so, no future for the Klipsch/OJAS joint venture? ;)


1734923409061.png
 
... so, no future for the Klipsch/OJAS joint venture? ;)


View attachment 415811
Oh look, they couldn't even be bothered with a box big enough for the horn.
 
Actually, klipsch is estimated to have about 30 percent of the home theater speaker market. The company did 58 million dollars. last year. The majority of that was based on its HT lines. Hi fi enthusiasts are not buying thier equipment to use in two channel set ups. I have eyed some of there vintage gear but that's a different story. Klipsch is not a major speaker company at all ans never was. They were over priced when VOXX purchased them. Voxx itself was barely purchased for the price it paid for Klipsch. I wish you were right and Klipsch had a larger audience than HT but Voxx is barely worth 200 million and has been bleeding money. I don't see klipsch surviving unless it's utilized in the HT space.
Wow, the numbers really are small. Then the total HT market is only like $200M a year? Is that globally?
 
Oh look, they couldn't even be bothered with a box big enough for the horn.
Wait... is that a problem?



ahem. ;)

In [some] seriousness -- I think that's all part of Turnbull's aesthetic.
1734960814866.png


This being said, I am somewhat amused by the, shall we say, brutalist carpentry ethic of the Klipsch-Turnbull "joint venture".
but I digress...
(yeah, I know -- inconceivable, right? :cool: )
 
PS Marky. Note to self. Dust the EMILAR horns!
:p
 
Wow, the numbers really are small. Then the total HT market is only like $200M a year? Is that gloglobally?
The estimate of Klipsch is it captures about 25 to 30 percent of the home theater speaker market. I read that a couple of places. The company that's owns Klipsch and Onkyo/Pioneer was sold for 200 million. It owns other brands but they are not worth much.

The other major avr and speaker producers is Sound United, which was purchased by Masimo for one and a half billion dollars. Sound United makes Denon and Marantz, BW, high end gear. All of their divisions bled money this year. Masimo's board is looking to sell off Sound United but isn't having to many buyers. Almost none of the mass distributed stuff we use is profitable for these companies at this point. The home theater market is very niche. I don't know what it is globally but it's not huge. You can Google the Masimo mess. I think they may have lost 40 million dollars and the revenue is off by like 100 million. These companies are bleeding money.
 
Re: Sound United/Masimo -- don't forget Polk. :)
I probably wouldn't be in this hobby if it weren't for the Polk Audio "Monitor Series" loudspeakers of the mid-1970s.



 
I take the liberty of writing my personal opinion, given that this practice of acquisitions is increasingly present in recent times.

These acquisitions on the one hand bring oxygen (money) and development to certain acquired brands... but I don't like them too much. In every sector, hi-fi, cars, watches, clothes... the marketing rules of sharing and rationalization and profit at all costs, basic in our days, are very far from those that have built the legendary brands over time, based on passion, innovation, uniqueness, recognizability, peculiarity. I don't like knowing that a bureaucrat decides and is the mind behind projects of how a speaker, an amplifier, a luxury Italian car or a watch will be... I prefer that it be done respectively by a passionate electrical engineer, a mechanic pilot or a precise Swiss man with a passion for mechanics... it is the assumption that moves these groups that is wrong: money...
 
Actually, klipsch is estimated to have about 30 percent of the home theater speaker market. The company did 58 million dollars. last year. The majority of that was based on its HT lines. Hi fi enthusiasts are not buying thier equipment to use in two channel set ups. I have eyed some of there vintage gear but that's a different story. Klipsch is not a major speaker company at all ans never was. They were over priced when VOXX purchased them. Voxx itself was barely purchased for the price it paid for Klipsch. I wish you were right and Klipsch had a larger audience than HT but Voxx is barely worth 200 million and has been bleeding money. I don't see klipsch surviving unless it's utilized in the HT space.
Your figure is off - read Voxx’s Q2 earnings report, PAC as a whole did $50M in the quarter, so extrapolating conservatively ( assuming Q3 will be more as it always is ), that’s $200M for the year. And by far Klipsch will be the largest share, $140M or so at least.

More importantly PAC as a unit is profitable - and that is the fundamental problem with Sound United, which has made losses ever since the Masimo acquisition and why it may be hard to find a buyer for SU as a whole.
 
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