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Old 11-14-2016, 07:58 AM
BillK BillK is offline
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Default Samsung to buy Harman for $8B

Wow.

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It may not be the deal of the decade, but it's still mighty big. Samsung, which has recently been battling the reputational damage caused by its exploding Galaxy Note 7 smartphones, has announced this morning that it is taking over US audio giant Harman International.

Harman, which owns brands including Harman Kardon, AKG, JBL, Mark Levinson, Revel, Infinity and Lexicon, also has a strong presence in the automotive audio market, providing in-car systems for the likes of BMW and Lexus. Harman also recently bought Bang & Olufsen's in-car division for $145m.
Samsung to buy Harman for $8B
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Old 11-14-2016, 08:48 AM
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Wow! That is big news when it comes to audio/video!
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Old 11-14-2016, 09:10 AM
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It's mostly for the car business.
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Old 11-14-2016, 12:22 PM
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Quote:
Originally Posted by cma29 View Post
It's mostly for the car business.
It's all for the car business. The high-end audio portion of Harman is insignificant.
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Old 11-14-2016, 06:16 PM
Pampero Pampero is offline
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Just before Sid Harman died, the management team was reshuffled and the company gave up all pretenses of US manufacturing. It began going global a decade or more before that, but the real indicators weren't yet in place. Without desire to appear prejudiced and with no intent apart from suggesting when the dominoes began to fall. The installation of Dinesh Paliwal, Harman's replacement CEO, was quickly followed by the appointment of a large team of Indian engineers. Specialty divisions retained most of their domestic engineers and management, but you could see the changes coming fast and hard. Since that time about 6 or 7 years ago, the writing has been on the wall. I got the news the same as everybody else did, but was not surprised. I suspect there will be significant refocusing that may not be to the benefit of audiophiles and pro audio practitioners. I hope they surprise me, but I don't expect them to. I still have a number of friends involved with the company and I'd suspect they'll all be on the hunt for new jobs now. I wonder what happens now at Revel and Levinson. Maybe they remain, but I have a hunch they won't be the same.
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Old 11-14-2016, 07:10 PM
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It's really hard to tell what's going to happen to the Pro and high end side. They could even be packaged up and sold. I can't say Harman has done a good job with the assets they acquired, so maybe new ownership will be better. Time will tell.
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Old 11-14-2016, 07:22 PM
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As a Harman dealer, I have no complaints.
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Old 11-14-2016, 11:02 PM
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