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Latest Samsung Acquisition – Biggest in History of Company

Latest Samsung Acquisition – Biggest in History of Company

Samsung bought Harman International Industries for $8 billion. This company owns the Harman Kardon brand, Infinity, JBL, Lexicon, and Mark Levinson. Harman employs 30,000 workers, and it will continue to operate as an independent subsidiary. The president of Harman expressed his views on the acquisition to Engadget:

Samsung provides Harman with the scale, platform and complementary technologies to accelerate growth and extend our global market leadership in automotive, smart audio and connected technologies….Samsung and Harman will define – and drive – the future of automotive.

-Dinesh Paliwal

Since 2008, Samsung has made 27 acquisitions. This year, they purchased melaud and Perch. For a list of all acquisitions, visit Crunchbase.

Harman Kardon makes audio equipment. Here’s a summary from Wikipedia:

SoundSticks

The Harman Kardon iSub 2000 Subwoofer and SoundSticks were introduced at the July 2000 Apple Worldwide Developers Conference (WWDC). Harman Kardon partnered with Apple to design and manufacture these products.

Apple did the industrial design and mechanical engineering to have the product fit into the Apple product family. This product won an Industrial Design Excellence Awards gold award[10] and was featured on the cover of I.D. magazine. The SoundSticks II were a minor upgrade, with the addition of capacitive volume control buttons and a 3.5mm mini-jack input replacing the previous USB input. The SoundSticks III were a further update changing the styling slightly using black highlights and white lighting to match the new iMacs, instead of green and blue of the original SoundSticks and the SoundSticks II. A new version of Soundsticks 3 wireless has been introduced, which has the capability to accept Bluetooth inputs. However, it retains the wires between the speakers.

Car audio

Harman Kardon supplies audio equipment to a several vehicle manufacturers including Audi, BMW, Land Rover, Mercedes-Benz, MG Rover, Volvo, Buick, Kia, Ssangyong, MINI, Saab, Harley-Davidson, Jeep, Chrysler, Dodge, Subaru and Tata Motors.

Computer speakers

Harman Kardon has made desktop computer speakers. Harman Kardon has also made laptop speakers, which have been used in certain models of Toshiba Acer Inc. notebooks and Asus laptops.

Latest Samsung Acquisition – Biggest in History of Company
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