"Samsung subsidiary Harman has completed its acquisition of Sound United, Masimo's former audio business, adding a sizable expansion to Samsung's audio brand portfolio. The $350 million deal was first announced in May, and brings Bowers & Wilkins, Denon, Marantz, Definitive Technology, Polk Audio, HEOS, Classé, and Boston Acoustics under the same roof as JBL, Harman Kardon, and other audio brands that Samsung acquired when it purchased Harman for $8 billion in 2016."
""Sound United's impressive roster of brands is rooted in a deep passion for sound, innovation, and commitment to quality that aligns with Harman's own values," Harman's lifestyle lead, Dave Rogers, said in a statement. "This transaction unlocks meaningful growth opportunities for everyone. It bolsters Harman's strategy to build on its unparalleled success story and scale to unprecedented heights as an audio leader.""
Harman, a Samsung subsidiary, completed a $350 million acquisition of Sound United, bringing Bowers & Wilkins, Denon, Marantz, Definitive Technology, Polk Audio, HEOS, Classé, and Boston Acoustics into Samsung's audio portfolio alongside JBL and Harman Kardon. Sound United will operate as a standalone business within Harman's lifestyle division to ensure each brand preserves its identity and customer base. The deal expands Samsung's premium audio footprint following its 2016 acquisition of Harman. With the sale finalized, Masimo can redirect attention and resources to the Apple Watch lawsuit it launched against US Customs and Border Protection in August.
Read at The Verge
Unable to calculate read time
Collection
[
|
...
]