Samsung Electronics have acquire Harman International Industries for $112.00 / share in cash or total equity value costing around $8.0 billion by announcing complete settlement. After closure, Samsung will quickly get big & fast growth in market for connected technologies & automotive electronics which were priority for Samsung as per their strategy. After the successful closure of this agreement, its expected that Samsung will grow above $100 billion till 2025.
Samsung Electronics CEO & vice-chairman, Oh-Hyun Kwon said that “Harman will accurately & properly balance the Samsung in term of solutions, technologies & products. The togetherness will provide easy expansion towards automotive projected by us.”
“The vehicle for tomorrow will be renovated by easy & fast connectivity along with smart technology connectivity in the same way that simple focus on mobile phones have become stylish smart devices over the past few decade.
Samsung expecting the joining to deliver major growth openings & advantages to customers by hand shaking of Harman’s & Samsung’s complementary technologies. Thus, resulting in growth in market value.
HARMAN’s practise integrating and designing sophisticated in-vehicle technologies, as well as its long-term connections with major world’s biggest automakers, will produce important growing chances for the joined business by enabling it to influence Samsung’s capability in connected displays, user experience, semiconductors, movement and its global delivery channels. In addition, the arrangement of HARMAN’s brands and audio abilities and Samsung’s knowledge in consumer electronics will convey enhanced customer benefits and uplift user experiences across Samsung’s complete portfolio of consumer and professional products and systems.