# 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.

- Type: Acquisition
- Announced: 2017-03-11
- Where: Stamford, Connecticut, United States
- Value: $8.00B
- Status: completed
- Products: connected car systems, audio equipment, automotive electronics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Samsung Electronics](https://endata.com/companies/647.md) (acquirer)
- [Harman International Industries](https://endata.com/companies/19652.md) (target)

## Sources

- [koreatimes.co.kr](https://www.koreatimes.co.kr/business/tech-science/20170312/samsung-completes-harman-acquisition), 2017-03-12: "Closing this transaction opens the door to create substantial growth opportunities and deliver greater benefits for customers worldwide."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.