Audiovox has completed its acquisition of Thomson's Consumer Electronics Audio Video business outside of Europe.
The purchase price of US$19.7 million, plus a net asset payment and five-year fee starting in 2010, includes the worldwide rights to the RCA brand for audio and video product, excluding TVs and select other product categories.
The acquired AV business include DVD players and recorders, portable DVD players, GPS devices, HD and Internet Radios, standalone ATSC terrestrial television converters, clock radios, MP3 and MP4 players, digital cameras, camcorders, and other product that falls within the audio/video field of use.
In total, Audiovox is acquiring about $400 million in sales from Thomson, but only $150 million of that is in the product categories that Audiovox plans to market itself.
to Daily News