VOXX Electronics Enters Purchase Agreement with AAMP of America to Acquire Rosen Electronics Products
VOXX Electronics Corporation (VEC), a wholly-owned subsidiary of VOXX International Corporation (NASDAQ: VOXX), announced today the Company has entered into a definitive purchase agreement with AAMP of America to acquire all inventory and intellectual property, including patents and trademarks of Rosen Electronics products.
“The acquisition of Rosen Electronics complements and expands our current RSE leadership position in the industry, as well as adds to our extensive portfolio of RSE patents. With the announcement of the acquisition we look forward to servicing our current VOXX and newly acquired Rosen customers,” said Aron Demers, Senior Vice President, VOXX Electronics Corporation.
During the next two weeks, VOXX will be moving all operations from AAMP’s Ontario, CA warehouse to VOXX’s facilities in Nevada, Virginia and Orlando. Integrating the Rosen products into these three touch points will provide the Rosen customers with a high level of confidence in expedited deliveries to all reaches of the country.