Samsung Electronics and Harman International Industries, Incorporated announced that they have entered into a definitive agreement under which Samsung will acquire HARMAN for total equity value of approximately $8.0 billion.
HARMAN is the market leader in connected car solutions, with more than 30 million vehicles currently equipped with its connected car and audio systems, including embedded infotainment, telematics, connected safety and security.
The vehicle of tomorrow will be transformed by smart technology and connectivity in the same way that simple feature phones have become sophisticated smart devices over the past decade, said Young Sohn, President and Chief Strategy Officer of Samsung Electronics.
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