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VTech Completes Acquisition of Mexican Manufacturing Facility from QSC, LLC
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HONG KONG, April 8, 2021 /PRNewswire/
VTech Holdings Limited (HKSE: 303) announced today that it has completed the acquisition of a production facility in Tecate, Mexico from QSC, LLC for manufacturing wood enclosure loudspeakers.
The acquisition was announced on 20 January 2021. In addition to manufacturing wood enclosure loudspeakers, it strengthens VTech Contract Manufacturing Services leading position as a manufacturer of professional audio equipment. Furthermore, the acquisition of a manufacturing site outside Asia expands VTech s global footprint strategically and better serves the needs of its customers.
The transaction was completed on 1 April 2021 and was funded through internal resources.
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VTech to Acquire Mexican Manufacturing Facility from QSC, LLC
HONG KONG, Jan. 20, 2021 /PRNewswire/
VTech Holdings Limited (HKSE: 303) today announced that it has signed an agreement with QSC, LLC to acquire its production facility in Tecate, Mexico for manufacturing wood enclosure loudspeakers.
QSC, LLC is a globally-recognised leader in the design, engineering and manufacture of award-winning high-performance loudspeakers, digital mixers, power amplifiers, audio processors and digital cinema solutions. The acquisition of its production facility in Tecate, Mexico includes the fixed assets and business in manufacturing wood enclosure loudspeakers for the North American market. In addition to manufacturing QSC s range of wood enclosure loudspeakers, this acquisition will strengthen VTech Contract Manufacturing Services (CMS) leading position as a manufacturer of professional audio equipment. It also brings new know-how and additional growth potential to VTech.