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Samsung to buy Harman for USD 8 bln

Monday 14 November 2016 | 09:37 CET | News
Samsung Electronics announced a deal to acquire Harman International Industries for USD 8.0 billion, expanding the company's capabilities in the connected car market. Over 30 million vehicles worldwide already use Harman's connected car and audio solutions, which include embedded infotainment, telematics, connected safety and security. Started as a specialist in hi-fi audio products, Harman also owns stereo equipment brands such as JBL, Kardon, Infinity and Crown Audio. Around 65 percent of its USD 7 billion in annual sales now comes from the car market.

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Categories: Mobile & Wireless
Companies: Harman / Samsung
Countries: World
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