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

  • PwC surveys EV market potential
    April 19, 2012
    Collaboration between industry participants will be essential to bring alternative fuel applications to market, according to PwC's latest publication Charging Forward: Electric Vehicle Survey. While automakers continue to bring electric vehicles (EVs) to the marketplace, governments, local municipalities and utility companies are challenged with building the infrastructure required to support these vehicles long before mainstream consumption will take hold. PwC surveyed over 200 executives across multipl
    Read More
  • Cubic adds NextBus to solutions portfolio
    January 25, 2013
    Cubic Transportation Systems has broadened its portfolio of transportation solutions with the acquisition of NextBus from Webtech Wireless. The US-based integrator of payment and information technology and services for intelligent travel solutions says the acquisition also positions NextBus to accelerate its growth by leveraging Cubic's global presence and customer base. NextBus is a software-as-a-service (SaaS) solution that accurate, real-time arrival information for buses, subways and trains. The system
    Read More
  • Necessity is the mother of invention
    April 6, 2016
    The Netherlands aims to lead Europe, and the world, in the area of cooperative ITS and smart mobility. That’s not an aspiration – it’s a necessity as Frans op de Beek, principal advisor for traffic management and ITS within the Rijkswaterstaat, the Ministry for Infrastructure and the Environment, explains.
    Read More
  • Q-Free acquires parking management solutions company
    May 5, 2015
    Q-free has agreed to acquire Malta-based parking management solutions provider Traffiko for US$1.12 million; the deal also includes an earn-out condition that can generate up to US$1.12 million more. Q-Free and Traffiko have long partnered in parking management systems projects, most recently in the APCOA contract to supply systems for parking garages at the Stockholm globe arena. Traffiko offers a wide range of advanced traffic applications including secure cloud hosted web-based applications for car
    Read More

Highlighted Content