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Article: Audiovox Acquires German Accessories Leader SCHWAIGER.
- Article from:
- Electronics Newsweekly
- Article date:
- October 14, 2009
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Audiovox Corporation (NASDAQ:VOXX) announced that its wholly owned subsidiary, Audiovox German Holdings GmbH, has completed the acquisition of SCHWAIGER, a German market leader in consumer electronics accessories as well as SAT and receiver technologies. The Company enjoys strong sales through the specialized do-it-yourself market and is based in Langenzenn, Germany. Audiovox plans to keep the operation headquartered there.
Patrick Lavelle, President and CEO of Audiovox Corporation stated, "It has always been our intention to grow our European operations by adding significant markets and product categories and capitalizing on synergies where they exist. This ...