Samsung Electronics to acquire Harman

Samsung Electronics and Harman International Industries have entered into a definitive agreement under which Samsung will acquire Harman, which will give Samsung a significant presence in the large and rapidly growing market for connected technologies, particularly automotive electronics, which has been a strategic priority for Samsung, and is expected to grow to more than US$100 billion by 2025. Harman has extensive expertise in connected car solutions, with more than 30 million vehicles currently equip
November 15, 2016 Read time: 2 mins
1809 Samsung Electronics and 6328 Harman International Industries have entered into a definitive agreement under which Samsung will acquire Harman, which will give Samsung a significant presence in the large and rapidly growing market for connected technologies, particularly automotive electronics, which has been a strategic priority for Samsung, and is expected to grow to more than US$100 billion by 2025.

Harman has extensive expertise in connected car solutions, with more than 30 million vehicles currently equipped with its connected car and audio systems, including embedded infotainment, telematics, connected safety and security.

The two companies believe that Harman’s experience in designing and integrating sophisticated in-vehicle technologies, as well as its long-term relationships with most of the world’s largest automakers, will create significant growth opportunities for the combined business by enabling it to leverage Samsung’s expertise in connected mobility, semiconductors, user experience, displays and its global distribution channels.

In addition, they say the combination of Harman’s brands and audio capabilities and Samsung’s expertise in consumer electronics will deliver enhanced customer benefits and elevate user experiences across Samsung’s complete portfolio of consumer and professional products and systems.
Location Based Systems

Related Content

  • November 28, 2013
    NavFusion provides map updates via a smart phone app
    A new app that connects a vehicle’s systems to the internet opens up a range of possibilities as Jon Masters discovers. Sometimes the most straightforward or simple of ideas can be the most significant. So it seems with the latest development from Hungarian navigation software supplier NNG. The company’s software features in-vehicle infotainment systems and has launched NavFusion – which connects a vehicles’ sat nav programs to smartphones. NavFusion is being incorporated into NNG’s iGO navigation s
    Read More
  • November 15, 2013
    Rise of smart cities spawns market for smart vehicle technology in the US
    According to recent research by Frost & Sullivan, there is a palpable reorientation of purchasing habits among American citizens as the country continues its march toward urbanism. In the future, 85 percent of the country’s population is anticipated to live in urban areas, while North America could see the emergence of three mega cities, eleven mega regions, and seven smart cities by 2025. One of the biggest gainers of this massive-scale urbanisation is the automotive industry, particularly autonomous drivi
    Read More
  • June 5, 2012
    Verizon to acquire Hughes Telematics
    Verizon Communications and Hughes Telematics have announced a definitive merger agreement under which Verizon will acquire Hughes Telematics for a total of US$612 million. Verizon says the transaction will expand its capabilities in the automotive and fleet telematics marketplace and accelerate growth in key vertical segments. Hughes offers a portfolio of services through its commercial fleet, aftermarket and original equipment manufacturer (OEM) offerings as well products and services for health providers
    Read More
  • April 26, 2023
    Ride the Mecwave with Harman

    Harman’s Savari Mecwave is a multi-access edge computing software platform that enables automakers, network operators and government agencies to deploy next-gen features and reimagine connectivity. It does so by harnessing V2X capabilities and ultra-low latency applications. MECWAVE leverages 5G cellular edge networks to enable a variety of real-time shared services and applications that enhance safety, mobility and infotainment experiences using in-vehicle, roadside and third-party data.

    Read More

Highlighted Content