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US$580 million (2016) Owner Website Harman International Industries, Inc. (or simply called as Harman) is an American company that designs and engineers connected products for automakers, consumers and enterprises worldwide, including systems; audio and visual products, enterprise automation; and connected services. Headquartered in, Harman maintains major operations in the Americas,, as well as and markets its products under more than twenty brands — including,,,,,,,,,,,,,,,, and.
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On November 14, 2016, Harman entered into an agreement to be acquired by South Korean company. The sale was completed on March 10, 2017. Contents • • • • • • • Early history [ ] and Bernard Kardon founded the predecessor to Harman International,, in 1953. Both Harman and Kardon were engineers by training and had worked at the Bogen Company, which was then the top manufacturer of public address systems. Their collaboration helped to create a new industry: high-fidelity audio.
Harman bought out his partner in 1956 and then expanded Harman Kardon into an audio powerhouse, according to a biography written by the. Acquisitions and expansion [ ] In the 1970s, Harman accepted an appointment in the as. When Harman took office in 1976 as head in charge, he sold his company to conglomerate to avoid a conflict of interest. Beatrice promptly sold many portions of the company, including the original Harman Kardon division, and by 1980 only 60% of the original company remained.
After he left government in 1978, he created Harman International Industries and reacquired a number of businesses he sold to Beatrice. The company continued its growth plan with a string of acquisitions throughout the 1980s that pushed Harman International's sales from about $80 million in 1981 to more than $200 million by 1986, and then to more than $500 million by 1989. Harman International went public in 1986 with a stock offering on the New York Stock Exchange. Cash from that sale was used to, among many other purchases, buy, a U.K. Producer of professional mixing boards, in 1988 and later - Salt Lake City digital electronics producer DOD Electronics Corp.
By 1990, Harman International was selling consumer audio gear under such brands as JBL, Harman Kardon, Infinity and Epicure loudspeakers, as well as professional audio systems with such brands as JBL Professional, UREI, Soundcraft,,, Studer, DOD, Lexicon, AKG, BSS, Orban, Quested and Turbosound (the last one now under the control of ). In July 2011, Harman acquired MWM Acoustics, a privately held company that specialized in speaker and microphone technology for consumer electronics and enterprise telephony. The combination of MWM Acoustics, Branded Audio, and AKG Automotive Microphones became the Embedded Audio Business Team. Harman expanded to include lighting in 2013 with the acquisition of.
In June, 2014, Harman completed the acquisition of, from The Duchossois Group, bringing enterprise control and automation systems as well as audio/video switching and distributing to Harman's offerings. In March 2015, Harman acquired the automotive division of for 145 million euros ($156 million) for the unit as well as technology license fees. The purchase didn’t include Bang & Olufsen’s consumer-electronics business.
In 2015, recognizing the increasing role of software and services in the markets it served, Harman expanded its capabilities around cloud, mobility and analytics with the acquisitions of, a software services company based in Mountain View, CA, and Redbend, an Israeli-based provider of software management technology for connected devices, and over-the-air (OTA) software and firmware upgrading services. With these additions, Harman announced the formation of a fourth division, which they called Connected Services. Civ V Firetuner Download Movies. In March 2016, Harman acquired the automotive cyber-security firm TowerSec. This acquisition increased Harman's competencies in the emerging automotive cyber-security field. This was evidenced by the subsequent launch of the company's '5+1 security framework' incorporating TowerSec's 'ECU shield' technology. This acquisition was notable for further demonstrating Harman's desire to expand beyond its traditional business areas of in-car audio and entertainment systems. In November 2016, Samsung decided to acquire the company for USD 8 billion in cash.
In December 2016, Harman International Industries Inc. Invested in a startup that makes projection displays that sit in front of car windshields, signalling a new area it plans to explore under the ownership of Samsung Electronics Co. In February 2017, Harman International shareholders have voted in favor of the acquisition by Samsung. On March 10, 2017, the acquisition is complete, with Harman becoming a subsidiary of. Private equity attempt [ ] Harman International Industries was to disappear from NYSE in Q3/2007 due to a buy-out by and. One Piece Gigant Battle 2 English Rom Patch. However, as of mid September 2007, KKR announced they would back out of the deal.