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

  • Can AV mapping rely on crowds?
    June 29, 2021
    Mapping tech companies need to expand their data inputs beyond crowdsourcing in order to maintain temporally accurate maps at scale, says Ro Gupta at Carmera
    Read More
  • Widest bridge in the world Port Mann open in Vancouver
    April 25, 2013
    Port Mann Bridge, designed to growing regional congestion and improve the movement of people, goods and transit throughout greater Vancouver, is now open for business. The widest bridge in the world, the Port Mann Bridge located in the metro Vancouver area, in British Columbia, Canada, features an Open Road Tolling (ORT) system, also called All Electronic Tolling (AET), which will ultimately cross all 10 lanes of traffic.
    Read More
  • Partnership delivers video surveillance solution
    November 28, 2012
    In a partnership designed to address and overcome the challenges of the amounts of data generated by digital video surveillance systems, video surveillance and security products supplier Samsung Techwin is to collaborate with computer and IP storage provider Pivot3 to offer a unified IP video surveillance solution to new and existing clients. By combining Pivot3 vSTAC Watch appliances with Samsung video management software and security cameras, surveillance users can leverage one appliance for the viewing,
    Read More
  • Haas V2X alerts now available for Škoda
    July 28, 2025
    Emergency vehicle alerts added to Traffication in-vehicle safety app
    Read More

Highlighted Content