Automotive mirror supplier Gentex to acquire automotive and consumer electronics maker VOXX

On December 18, Gentex announced a definitive agreement to acquire Voxx, purchasing shares held by other VOXX shareholders at a price of $7.5 per share. The acquisition is subject to approval by VOXX shareholders and is expected to be completed by the end of the first quarter of 2025. According to Gentex's estimates, the acquisition will immediately bring it $350 million to $400 million in revenue. Through this acquisition, Gentex will acquire technologies including EyeLock iris biometrics, "a unique, extremely accurate and highly secure identity authentication method that will provide further product applications for Gentex's automotive, aerospace and medical businesses." In addition, Gentex also acquired VOXX's Premium Audio company, which produces automotive and home audio systems.