Las Vegas – Audiovox Electronics said it has signed a non-binding letter of intent to purchase the assets of car security supplier Code-Alarm.
Audiovox Electronics president and CEO Pat Lavelle said the acquisition would strengthen Audiovox’s position in both the OEM and retail markets.
Hauppauge, N.Y.-based Audiovox said completion of the transaction is subject to several conditions, including resolution of the status of certain customer agreements.
