Voxx Completes Sale of Hirschmann to TE Connectivity Unit for $170 Million
Voxx closed on its sale of Hirschmann Car Communication to a subsidiary of TE Connectivity, it said in a Thursday announcement. The company said in June (see 1706260020 or 1706260033) it was selling Hirschmann and its antenna and tuner business…
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but will continue its automotive aftermarket business through proprietary brands and third-party distribution agreements for rear-seat infotainment, satellite radio products, telematics, car security and remote start products. Voxx received approximately $170 million from the sale.