Bose Sells Tijuana Manufacturing Facility to Luxshare
Deal News | Feb 05, 2025 | BDA Partners
BDA Partners announced the successful advisory role it played in the sale of Bose Corporation's automotive audio manufacturing facility in Tijuana, Mexico, to Luxshare Precision Industry. This facility is known for producing premium audio systems for leading global automotive OEMs, offering capabilities in transducer and amplifier assembly as well as acoustic engineering and design services via its R&D Center. Even after the transaction, Bose and Luxshare plan to collaborate to deliver premium sound systems to Bose's global automotive OEM customers. Alex Ditchfield, Managing Director at BDA Partners, emphasized the firm's record in facilitating transactions between US and Asian companies.
Sectors
- Consumer Electronics
- Automotive
Geography
- United States – Bose Corporation is headquartered in the United States, and BDA Partners has its Managing Director based in New York.
- Mexico – The manufacturing facility being sold is located in Tijuana, Mexico.
- China – Luxshare Precision Industry is based in China, highlighting the cross-border nature of the transaction.
Industry
- Consumer Electronics – Bose Corporation and Luxshare Precision Industry both operate within the consumer electronics industry, particularly focusing on audio systems and components.
- Automotive – The Tijuana facility produces automotive audio systems for leading global automotive OEMs, highlighting the relevance of the automotive industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bose Corporation | Selling Company | Company | A leading consumer electronics company known for premium audio products. |
| Luxshare Precision Industry | Buying Company | Company | A Chinese company specializing in precision manufacturing and consumer electronics. |
| BDA Partners | Financial Advisor | Company | An advisory firm assisting in cross-border transactions between leading companies. |
| Alex Ditchfield | Managing Director and Head of New York | Person | A key figure at BDA Partners who contributed to the success of the transaction. |