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

  • Virtual traffic management centres, a new direction in traffic monitoring
    January 30, 2012
    David Crawford picks up a new direction trend in traffic monitoring The surprise winner in the Traffic Management Centre (TMC) category of the recently-announced 2011 OSMOSE (Open Source for MObile and SustainablE city) Awards for European innovations in urban transport, is the Danish city of Aalborg - which doesn't have a TMC. Alternatively, one might consider its 'virtual' TMC as a signpost for the future in medium-sized cities.
    Read More
  • Sorting myth from reality in vehicle automation
    June 2, 2016
    Bob Denaro looks beyond the hype surrounding autonomous vehicles to the challenges that still need to be overcome. Automated vehicles (AVs) may be the perfect storm – in a positive way - with the automobile manufacturers, the government and consumers all embracing the emergence of a transformational new technology and product.
    Read More
  • Xerox to help revolutionise parking at Geneva airport
    March 30, 2012
    Xerox has won a contract to replace Geneva Airport’s entire parking management system for its 20 parking lots featuring more than 7,000 spaces, including walk-up pay stations, parking guidance and a global monitoring and management system which will connect with the rest of the airport’s computer systems. As part of a ten-year contract, travellers will be also able to receive information about flight delays, gate changes or customised information when they arrive at the airport parking lot.
    Read More
  • US IntelliDrive cooperative infrastructure programme
    February 2, 2012
    The 'rebranding' of the US's Vehicle-Infrastructure Integration programme as IntelliDrive marks an effort to make the whole undertaking more accessible both in terms of nomenclature and technology. Shelley Row, director of the ITS Joint Program Office within USDOT's Research and Innovative Technology Administration, talks about the changes
    Read More

Highlighted Content