VOXX International
2025
Why
All-cash acquisition of the VOXX shares Gentex did not already own, at $7.50 per share, closed April 1, 2025. VOXX adds premium audio (Klipsch, Onkyo), automotive OEM and aftermarket electronics, consumer electronics and biometrics; it contributed $267.2 million of revenue in 2025.
Impact
This acquisition accelerated Gentex's long-term transition from a traditional mirror manufacturer into a comprehensive provider of digital vision, advanced sensing, and artificial intelligence solutions. By controlling the underlying biometric authentication technology, Gentex established a strong competitive moat in the rapidly emerging market for connected, personalized vehicle interiors, ensuring its continued relevance as the automotive industry shifts toward autonomous and heavily software-defined vehicles. Furthermore, by incorporating VOXX's established distribution networks and prominent audio brands into its broader corporate structure, Gentex effectively insulated itself against cyclical downturns in the traditional automotive manufacturing sector. This strategic diversification ensures that the company maintains multiple, distinct paths for long-term revenue growth, cementing its reputation as a forward-thinking, resilient technology enterprise capable of adapting to the rapid convergence of automotive electronics and consumer smart devices.
Outcome
The acquisition integrated EyeLock's sophisticated biometric scanning hardware directly into Gentex's core rearview mirror and interior sensor platforms. This allowed Gentex to offer automotive OEMs a smooth, secure method for in-vehicle driver identification, enabling personalized cabin settings and secure in-car payments. The consumer audio brands were restructured and integrated into Gentex's broader manufacturing ecosystem.