Audiovox 2006 Annual Report Download - page 84
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Audiovox Corporation and Subsidiaries
Notes to Consolidated Financial Statements, continued
February 28, 2007
(Dollars in thousands, except share and per-share data)
19) Subsequent Event
On March 5, 2007, Audiovox German Holdings GmbH completed the acquisition of
OEHLBACH Kabel GmbH, a European market leader in the accessories field, for a total
purchase price of approximately $6,600, in addition to certain earn-out payments. The purpose of
this acquisition was to expand our electronic accessory product line to international markets.
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