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Samsung completes $8B acquisition of Harman International · Endata

◂ Announcements

Mar 11, 2017ACQUISITIONStamford, Connecticut, United States

Samsung completes $8B acquisition of Harman International

Samsung Electronics completed the $8 billion acquisition of Harman International Industries. Harman will operate as a standalone subsidiary with CEO Dinesh Paliwal remaining. The deal positions Samsung in the connected car market.

Value

$8.00B

Status

Completed

Productsconnected car systemsaudio equipmentautomotive electronics

CompaniesSamsung Electronics acquirer Harman International Industries target

Sectors#Automotive Components #Semiconductors and Industrial Electronics

“Closing this transaction opens the door to create substantial growth opportunities and deliver greater benefits for customers worldwide.”koreatimes.co.kr

1 source
koreatimes.co.krSamsung completes Harman acquisition - The Korea TimesMar 12, 2017

Summarized from public sources; check the original articles before acting on it.

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