Samsung acquires Harman for $8 billion, boosting its assets to compete in connected and autonomous car market

Briefing

January 3, 2017

Briefing	$8 billion acquisition – Announced acquisition of electronics company Harman International Industries for $8 billion, a deal that will be finalized in 2017 Connected car, audio and IoT – Harman makes connected car products including infotainment, telematics, and security systems currently installed in over 30 million vehicles Samsung Connect Auto – Commercialized device that turns a vehicle into mobile hotspot and connects up to 10 devices, in addition to location tracking and maintenance notifications via smartphone app Burgeoning car market – Harman CEO Dinesh Paliwal said demand for connected car and autonomous driving solutions continues to increase rapidly with partnerships and scale keys to winning in the long term
Accelerator	Internet-of-Things, Transportation and Mobility
Sector	Information Technology, Transportation and Logistics
Organization	HARMAN International, Samsung
Source	Mlot, S., "Samsung eyes car market with US$8B Harman buy", PCWorld, http://sea.pcmag.com/; AcceleratingBiz analysis
Original Publication Date	November 15, 2016

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