Samsung acquire car tech company Harman for USD8 billion


Samsung acquire car tech company Harman for USD8 billion

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.

“An M&A deal this big is a first for us. But it shows that under Jay Y. Lee, the company is changing and open to new ways to grow,” a source familiar with the deal told Reuters, referring to Samsung Electronics’ vice chairman.


In addition, Harman is not only an auto make but also a pioneer in audio equipments. HARMAN’s leading brands and cutting-edge audio systems include JBL®, Harman Kardon®, Mark Levinson®, AKG®, Lexicon®, Infinity®, and Revel®. All of these brands will greatly enhance the competitiveness of Samsung’s mobile, display, virtual reality and wearable products to deliver a fully differentiated audio and visual experience for customers.

Harman CEO Dinesh Paliwal says that Samsung’s displays, connectivity and processing tech is a good fit with his firm’s automotive products. “Samsung is an ideal partner for Harman and this transaction will provide tremendous benefits to our automotive customers,” he said in a press release.

Perhaps we will see Samsung integrate the technologies from Harman to their smartphone to give us a better experience on audio soon.