(RTTNews) - VOXX International Corp. (VOXX) announced the acquisition of Vehicle Safety Holding Corp. in a deal valued at $16.5 million. Vehicle Safety Holding Corp. is a developer, manufacturer and distributor of safety electronics.
VSHC provides a wide variety of safety-oriented electronics, including turn signal switches, lighting products, obstacle sensing systems, cruise control systems, camera systems, specialized harnessing, and other related components.
VOXX expects VSHC to add approximately $28.0 million in net revenue and approximately $3.0 million in EBITDA, on an annualized basis.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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February 03, 2020 at 08:38PM
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VOXX Buys Vehicle Safety Holding Corp. - Quick Facts - Nasdaq
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