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

  • Smart parking to enable intelligent mobility in global mega cities
    June 3, 2015
    New analysis from Frost & Sullivan, Strategic Analysis of Smart Parking Market in Europe and North America, finds that the smart parking market, including peer-to-peer (P2P), earned revenues of US$7.05 billion in 2014 and estimates this to accelerate up to US$43.084 billion in 2025 at a compound annual growth rate (CAGR) of 17.89 per cent. The parking industry in Europe and North America is rapidly innovating towards ‘smart’. In addition to adopting high-end automation solutions and software for parking
    Read More
  • Regional, national managed enforcement for developing nations
    February 3, 2012
    Robot is offering nationwide enforcement services to both developed and developing countries.
    Read More
  • TomTom provides flexibility for Riyadh
    June 1, 2016
    With five years of traffic disruption ahead and an inadequate traffic monitoring system, the authorities in Riyadh needed a solution – and quickly. In preparation for embarking on what is currently the world’s largest metro construction project, the Arriyadh Development Authority (ADA) in Riyadh needed to put in place measures to minimise the additional congestion and travel delays the five-year project would inevitably cause.
    Read More
  • German companies collaborate on electronic vehicle identification
    September 13, 2017
    German internet of things (IoT) provider Kathrein has agreed a global collaboration on electronic vehicle identification with Tönnjes EAST, a German licence plate manufacturer. Both companies have been working together on the development of new technologies using Kathrein’s expertise in RFID technology combined with Tönnjes EAST’s experience in the integration of transponders into vehicle licence plates or windscreens. Their joint portfolio includes Kathrein’s latest RFID reader, the RRU4500, which h
    Read More

Highlighted Content