Gentex Corporation (NasdaqGS:GNTX) acquired Certain Technology Assets of eSight Corporation for $88.9 million on November 2, 2023.

Gentex Corporation (NasdaqGS:GNTX) completed the acquisitions of Certain Technology Assets of eSight Corporation on November 2, 2023. The purchase price for approximately $18.9 million in cash, the assumption of a $9.4 million promissory note given in exchange for the 20% equity the Company previously held in the assets, as well as an earn out provision over a ten year period. The earn out provision consists of multiple potential payments based on the revenue over the next ten calendar years, with the total earn out not to exceed $70 million. The Company funded the acquisition with cash on hand.