AAPL Stock: 110.38 ( + 0.8 )

Printed from

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 MacNN Staff





Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Polk Hinge Wireless headphones

Polk, a company well-established in the audio market, recently released a new set of headphones aimed at the lifestyle market. The Hin ...

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...


Most Commented