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

For more information on companies in this article

Related Content

  • ITF diagnoses South Asia’s breathing difficulties
    August 26, 2022
    One of the world’s fastest-growing regions faces major transport sector decisions if it is to avoid spiralling emissions problems in coming decades. Alan Dron takes a look at a new report on Asia from the International Transport Forum
    Read More
  • New technologies enable increased collaboration, cooperation
    July 17, 2012
    The continued expansion of IP camera networks increases the availability of useful information. At the same time, the opportunity exists to increase inter-agency collaboration. This makes information management all the more necessary in the control room environment. But the transportation sector could do a lot to help itself by gaining a better idea up front of what and how it wants to do things, says Electrosonic's Karl Johnson.
    Read More
  • Active traffic management increases safety and capacity
    February 2, 2012
    WSDOT is deploying Active Traffic Management in order to increase safety and capacity on its strategic roads. WSDOT's Patricia Michaud elaborates
    Read More
  • Georgia DoT showcases its connectivity
    March 3, 2020
    Georgia DoT’s regional connected vehicle programme could be a model for the rest of the US. Adam Hill speaks to two men involved in making it a reality – and takes a look at the state’s first-ever Tech Showcase
    Read More

Highlighted Content