Hauppauge, N.Y. -
Audiovox has acquired Invision
Industries, a major supplier of rear-seat entertainment systems to
automakers and car dealers. Terms weren't disclosed.
acquisition includes Invision's patent portfolio, a manufacturing facility, a
support team and R&D capabilities, Audiovox said. Invision has a "history
of strong relationships with some of the world's leading car makers," said
Audiovox president/CEO Pat Lavelle. The acquisition "will enhance our position
as a significant supplier to the OE market." The addition of Invision personnel
"will add a greater dimension to our OE mobile electronic sales capabilities
and product development initiatives," he added.
Audiovox is also a
supplier of rear-seat entertainment systems to automakers as well as to car
dealers. Car dealer products include an Advent-brand, expediter-channel FLO TV
system that connects to any existing in-vehicle DVD-monitor system.]
Fla.-based Invision will report to Tom Malone, president of Audiovox
Electronics, and will continue to operate out of its existing facilities in Florida.
Dun & Bradstreet shows Invision employing 175 people and that its parent
company is CV Family Enterprises.
The acquisition is
the latest in a string of acquisitions by Audiovox, including last October's
purchase of Schwaiger, a German maker of electronics accessories and satellite-receiver
technologies. That acquisition was for $4.3 million and was expected to add
approximately $32 million in annualized sales.
Before that, Audiovox acquired five companies in fiscal 2008: Oehlbach
and Incaar, RCA A/V lines, RCA accessories, and Technuity for the Energizer