Voxx Completes Sale of Hirschmann to TE Connectivity Unit for $170 Million

Voxx closed on its sale of Hirschmann Car Communication to a subsidiary of TE Connectivity, it said in a Thursday announcement. The company said in June (see 1706260020 or 1706260033) it was selling Hirschmann and its antenna and tuner business but will continue its automotive aftermarket business through proprietary brands and third-party distribution agreements for rear-seat infotainment, satellite radio products, telematics, car security and remote start products. Voxx received approximately $170 million from the sale.