campaignlive/Samsung buys connected car firm Harman for $8bn

Samsung buys connected car firm Harman for $8bn

Harman's connected car technologyHarman builds high-end in-car entertainment and navigation systems, present in some 30 million vehicles.Its order backlog as of 30 June was $24bn.The acquisition marks a "strategic priority" for Samsung, which is playing catch-up with its rivals in a number of areas.

Samsung to buy car tech company Harman for $8bn

Samsung Electronics has agreed to buy Harman International Industries in an $8 billion (€7.46bn) deal, marking a major push into the auto-electronics market and the biggest overseas acquisition ever by a South Korean company.The transaction highlights Samsung's efforts to break into the high-barrier automotive industry where it has little track record and also marks a strategic shift for the electronics company, which has previously shunned big acquisitions."An M&A deal this big is a first for us.

Samsung snaps up audio and connected car firm Harman for $8 billion

Samsung Electronic Co. Ltd. has acquired car audio and electronics maker Harman International Industries Inc. for $8 billion.Founded in 1980, Harman is best known as a maker of car radio and music players.Over the last few years, it has shifted into making smart car devices that offer services such as embedded entertainment, telematics, connected safety and security.