Audiovox has announced that it has acquired the assets of Invision Industries, a leading manufacturer of rear seat entertainment systems to OEMs, ports, and car dealers. The assets were acquired by a new subsidiary of Audiovox, Invision Automotive Systems Inc (“IAS”).
Invision has been a significant supplier to the mobile entertainment industry with a focus on developing innovative and award-winning rear seat entertainment systems primarily for the OE marketplace and the acquisition includes a robust patent portfolio.
Patrick Lavelle, president and CEO of Audiovox stated, “One of the strengths of Invision and one of the elements that made them a particularly attractive acquisition was their history of strong relationships with some of the world’s leading car makers. As a result of this acquisition we believe we will enhance our position as a significant supplier to the OE market by adding increased R&D capabilities, a manufacturing facility and an established support team to augment our own OE group.”