Samsung Electronics to Acquire HARMAN, Accelerating Growth in Automotive and Connected Technologies
SEOUL & STAMFORD, Conn.--(BUSINESS WIRE)--Samsung Electronics (KRX:005930) ("Samsung") and Harman International Industries, Incorporated (NYSE:HAR) ("HARMAN") 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.
Samsung Acquired HARMAN For $8 Billion To Grow Its Automotive And Connected Technologies!
Samsung Acquired HARMAN For $8 Billion To Grow Its Automotive And Connected Technologies!Samsung has just Announced that they are going to buy US Audio Company Harman which is worth around $8 Billion!Well, this is the biggest acquisition from Samsung ever and they are thinking very broadly as in next 100 years many cars will be connected via voice commands, music system and have more luxury.
Samsung Electronics to Acquire HARMAN, Accelerating Growth in Automotive and Connected Technologies – Samsung Global Newsroom
Press Resources > Press ReleaseSamsung 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.