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

  • FLIPPER - improving the provision of flexible transport services
    February 2, 2012
    John Nelson and Brian Masson, Centre for Transport Research, University of Aberdeen, UK, describe the FLIPPER initiative which is intended to improve the provision of flexible transport services
    Read More
  • Priority for safety and interoperability, need for DSRC
    July 18, 2012
    Justin McNew, Chief Technology Officer, Kapsch TrafficCom Inc., USA offers his opinion of where 5.9GHz DSRC technology will head in the coming years. The debate ranges back and forth over the most suitable technological solution for future tolling and charging in the US. However, the coming trend is common cooperative infrastructure: instrumented roads and vehicles with the capacity to communicate with each other over all manner of safety, mobility and traveller applications, many of which will involve fina
    Read More
  • The sunshine subsidy for Colorado’s tollways
    January 10, 2014
    David Crawford reports on energy cost cutting on US highways. Just over a year after switch-on and with two global awards under its belt, the longest solar-powered toll road in the US is generating heightened interest in highway applications of alternative energy. The E-407, which loops around the eastern perimeter of the Denver metropolitan area in Colorado, won the International Bridge, Tunnel and Turnpike Association (IBTTA) President’s Overall Award for Excellence at its September 2013 Annual Meeting in
    Read More
  • Huawei develops the next generation of wireless communications
    October 25, 2024
    Huawei has developed and already deployed high-integrity and richly featured cellular communications solutions for the railway sector which are based on the new FRMCS standard and 4-5G technology
    Read More

Highlighted Content