LOWELL, MASSACHUSETTS — GN Group’s headset division, GN Audio (formerly GN Netcom), announced today that it has acquired the VXi Corporation for $35 million USD. VXi is the manufacturer of both the VXi and BlueParrott headset brands.
VXi Corporation has shown substantial growth over the past decade, and last year reported annual revenue of $32 million USD. The acquisition of US-based VXi will provide GN Audio with a much stronger presence in the lucrative US headset market.
“We are delighted to have reached an agreement with VXi. The acquisition further strengthens our position on the North American market, where we have shown strong progress in recent years. We will build on VXi’s strong presence and reputation in the US and combine it with the international reach and professionalism of GN Audio and the Jabra team” —Paul Hamnett, President, GN Audio North America
The acquisition of VXi enhances GN Audio’s position in the US
GN Audio, with its flagship Jabra brand, has a significant global presence in the headset industry and according to company financial reports, contributes more than 35% of the GN Group’s annual revenue.
According to the company, “the combination of cutting-edge headsets and industry-leading medical smart hearing aid technology makes the GN Group unique in the industry. This unique mix enables the GN Group to be the only company that can transform deep insight from both the hearing aid and the headset customers into world-leading expertise in the human auditory system, sound processing, and wireless technologies.”
Source: GN Audio
