Audiovox acquires Incaar

Audiovox (www.audiovox.com) said its subsidiary Audiovox German Holdings GmbH has acquired Incaar, Ltd., a premium multimedia systems company based in the United Kingdom, for approximately $402,000 plus an additional $400,000 if earnings targets are met.

Oct. 11, 2007

Audiovox said its subsidiary Audiovox German Holdings GmbH has acquired Incaar Ltd., a premium multimedia systems company based in the United Kingdom, for approximately $402,000 plus an additional $400,000 if earnings targets are met.

Incaar develops and markets multimedia and mobile video systems and components for the European automotive industry. Among the products offered are HDD Multimedia, Wi-Fi technology, GPS/GSM modules, DVD loaders/changers and electronic accessories.