Samsung to Buy Harman International in $8B Deal To Expand Presence In Automotive Electronics Market

by

ShowOff-Auther

- November 15, 2016


 Samsung to Buy Harman International

Samsung Electronics and Harman International Industries, Incorporated today declared that they have gone into a complete understanding under which Samsung will obtain HARMAN for $112.00 per partake in real money, or aggregate value estimation of around $8.0 billion.

Samsung to Buy Harman International in $8B Deal

Samsung has declared toward the beginning of today it’s getting US sound organization Harman in an all-money bargain worth $8 billion. The obtaining is Samsung’s biggest ever, and spots the hardware organization in the vanguard of the car business — which Harman supplies with infotainment innovation. This space has happened to expanding enthusiasm to tech organizations as of late as autos turn out to be more associated.

Harman is best known for making auto sound frameworks under brand names mainstream with audiophiles, for example, Harman / Kardon and JBL. In any case, Harman’s interest to Samsung originates from what it calls its associated auto business — an operation that provisions an auto’s route benefits, its installed amusement frameworks and its availability to whatever remains of the world.

Samsung to Buy Harman International in $8B Deal

“The vehicle of tomorrow will be changed by savvy innovation and network similarly that basic component telephones have ended up refined brilliant gadgets over the previous decade,” Young Sohn, the president and boss methodology officer of Samsung Electronics, said in a news discharge.

The arrangement denote the most recent yearning invasion by a built up name in the innovation world into another era of savvy questions once in a while altogether called the web of things. Under this vision, everything from home security frameworks to fridges will be associated with the web, gathering information and controllable at the touch of a cell phone symbol.

Samsung to Buy Harman International

Customer Benefits and Significant Growth Opportunities

Samsung anticipates that the blend will convey noteworthy development openings and advantages to clients by utilizing Samsung’s and HARMAN’s reciprocal advances, bringing about expanded market entrance crosswise over vital end markets.

  • Automotive: Combining HARMAN’s authority in new associated auto advancements, incorporating its top positions in infotainment, digital security, over-the-air upgrades and telematics, with Samsung’s huge skill and involvement in network advances, including 5G, UX/UI, show innovation and security arrangements, will improve HARMAN’s car and associated administrations organizations to drive more prominent deals and give noteworthy advantages as automakers speed the selection of cutting edge associated autos.
  • Audio: HARMAN’s driving brands and bleeding edge sound frameworks incorporate JBL®, Harman Kardon®, Mark Levinson®, AKG®, Lexicon®, Infinity®, and Revel®. The organization additionally licenses Bowers and Wilkins® and Bang and Olufsen® brands for car. These brands will extraordinarily improve the intensity of Samsung’s portable, show, virtual reality and wearable items to convey a completely separated sound and visual experience for clients.
  • Professional: The mix will likewise grow the joined organization’s business-to-business stage through its capacity to convey coordinated, huge scale sound and visual expert arrangements at stadiums, show offices and other execution focuses, for example, The John F. Kennedy Center for the Performing Arts and STAPLES Center – home of the GRAMMY Awards®.
  • Connected Services: Samsung will access HARMAN’s 8,000 programming originators and specialists who are opening the capability of the IoT advertise. This coordinated effort will convey the up and coming era of cloud-based customer and endeavor encounters, and additionally end-to-end administrations for the car advertise through the meeting of outline, information and gadgets.


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