Personal View site logo
Samsung bough Harman, now has AKG, Infinity and such
  • Vitaliy_KiselevVitaliy_Kiselev

    Samsung Electronics and Harman International Industries, Incorporated today announced that they have entered into a definitive agreement under which Samsung will acquire HARMAN for $112.00 per share in cash, or total equity value of approximately $8.0 billion. Upon closing, the transaction will immediately 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 $100 billion by 2025¹ . HARMAN is the market leader 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. Approximately 65% of HARMAN’s $7.0 billion of reported sales during the 12 months ended September 30, 2016 are automotive-related, and its order backlog for this market at June 30, 2016 was approximately $24 billion.

    https://news.samsung.com/global/samsung-electronics-to-acquire-harman-accelerating-growth-in-automotive-and-connected-technologies

    Harman brands:

    • AKG Acoustics - microphone/headphones
    • AMX - video switching and control devices
    • Bang & Olufsen Automotive
    • Becker - car infotainment
    • BSS Audio - signal processing
    • Crown International - pro amplifiers
    • dbx Professional Products - signal processors
    • DigiTech - guitar products
    • HardWire - guitar pedals
    • HiQnet - audio digital network, based on Ethernet
    • harman/kardon - home/car audio
    • Infinity - home/car speakers
    • JBL - home/car speakers & amplifiers, professional speakers
    • Lexicon - digital processing
    • Mark Levinson Audio Systems - home/car audio
    • Martin Professional - stage and architectural lighting and effects fixtures
    • Revel - home speakers
    • Selenium - home, car and professional speakers, amplifiers, sound tables/mixers
    • Soundcraft - mixing consoles
    • Studer - mixing consoles
  • 4 Replies sorted by
  • Ralph_BRalph_B

    Do you think Samsung has the slightest clue how to run these venerable audio companies? Their handling of the NX camera line doesn't bode well. After all, why do people need separate audio equipment? They can do it all on their phones.

  • Vitaliy_KiselevVitaliy_Kiselev

    Do you think Samsung has the slightest clue how to run these venerable audio companies? Their handling of the NX camera line doesn't bode well.

    Almost all this companies won't see be able even see changes in upper management level.

    After all, why do people need separate audio equipment? They can do it all on their phones.

    LOL

  • MirrorManMirrorMan

    What does Samsung want with these audio companies? They can't even keep a camera division going.

  • Vitaliy_KiselevVitaliy_Kiselev

    @MirrorMan

    Just laws of capitalism in action. Mergers.

    I think it is this companies who need Samsung factories and size. It'll allow to save big on all custom chips and sensors.

Add a Comment