Voxx international corporation and sharp corporation have signed a letter of intent on the acquisition of the home Audio/Video (A/V) division of onkyo home entertainment company. In July 2020 voxx has exploited the subsidiary 11 trading company to manage the exclusive distribution of onkyo products, pioneer, pioneer elite and integrates in North America. Sharp has been working for years to produce onkyo brand products at its plant in Malaysia.
It is therefore not difficult to understand what reasons have led to a negotiation for the acquisition of the entire A/V division. We remember that the recent onkyo past was quite enlivened. Pat lavelle, president and CEO of voxx international corporation, said:In the last two years we have worked well with the onkyo team, expanding our relationships and, more importantly, satisfying the demands of our customers.
The home Audio/Video division of onkyo would therefore enter into a growing structure that has all the means to be able to value the historical brands.