Launchpad Founder Becomes Largest Shareholder of VOXX International Corporation
Orlando, FL (September 30, 2020) – Kahli Holding AG, the Swiss holding company founded by Beat Kahli, who is also founder of Launchpad and CEO of Avalon Park Group, has acquired a 20% stake in VOXX International Corporation (Nasdaq: VOXX) over the past 6 months, making the group the largest shareholder. VOXX is a global leader in consumer electronics, high definition audio, automotive security, and mobile entertainment systems.
Beat Kahli explains that it has always been his philosophy to diversify the company’s holdings and assets, while the primary line of business for Avalon Park Group is real estate development. “Over the past several months I have seen the creativity VOXX has had in navigating the current economic climate and am optimistic for the future of the company,” said Kahli. “As an Entrepreneur, I am always looking to add diversity to our portfolio with companies that show ingenuity and promise.”
Avalon Park Group has a current development pipeline of over $3 billion. The addition of the VOXX stake brings additional diversity to the industries already under the company’s umbrella.
About VOXX International Corporation Established in 1960, VOXX has since grown into a worldwide leader in Automotive Electronics and Consumer Electronics, with emerging Biometrics technology to capitalize on the increased need for advanced security. Over the past several decades, VOXX has built market-leading positions in in-vehicle entertainment, automotive security, a number of premium audio market segments, and consumer accessories with a portfolio of over 30 trusted brands such as Audiovox, ASA Electronics, Vehicle Safety Holdings, Eyelock, and Klipsch, the #1 premium loudspeaker brand in the audio market. VOXX is a global company, with an extensive distribution network that includes power retailers, mass merchandisers, 12-volt specialists, and many of the world’s leading automotive manufacturers.