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Articles Nov-Dec 2021

Jamdub SoundLabs Installs Dolby 7.1.4 Speaker Setup

ProMusicals deploys an immersive solution to the Chennai-based Jamdub SoundLabs with a comprehensive Dolby 7.1.4 setup.

Located in the quiet suburbs of Thoraipakkam, Chennai, Jamdub SoundLabs provides end-to-end post-production solutions to artists from the music and film industry with a unique experience. Established in..... read more

Seamless Solutions for Evolving Workplace

NEC WD551 Windows Collaboration Display Product Review by Abdul Waheed, Managing Director, EYTE

NEC WD551 Windows Collaboration Display Post pandemic, workspace designs are evolving very fast. Various manufactures are trying to come up with one or other innovative ideas, meeting the current requirements for collaborative..... read more

L&T’s Corporate office gets a Digitally Savvy Tech Makeover

Eyte Technologies Crafts a Versatile AV and Acoustic Setup at L&T’s AM Naik Tower, Powai, Mumbai

L&T group envisioned a Tech-savvy Corporate office for their Powai Office that would enhance the synergy and boost the corporate functions. This feature explores..... read more

Eulogy

Nikhil Mehta, Founder, Sudeep Studio 1935-2021

Much-Respected and self-taught sound engineer, the founder of Sudeep Studio and SudeepAudio.com games, Nikhil Mehta, passed away..... read more


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Samsung Electronics Acquires HARMAN


Samsung Electronics and Harman International Industries, Incorporated announced that they have entered into a definitive agreement under which Samsung will acquire Harman for $112.00 per share in cash or total equity value of approximately $8.0 billion.

The transaction will give Samsung a significant presence in the large and rapidly growing market for connected technologies, particularly automotive electronics which has been a strategic priority for Samsung; and is expected to grow to more than $100 billion by 2025. 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. Approximately 65% of Harman’s $7.0 billion of reported sales during the 12 months ended September 30, 2016 are automotive-related and its order backlog for this market at June 30, 2016 was approximately $24 billion.

Harman’s experience in designing and integrating sophisticated in-vehicle technologies as well as its long-term relationships with most of the world’s largest automakers will create significant growth opportunities for the combined business by enabling it to leverage Samsung’s expertise in connected mobility, semiconductors, user experience, displays and its global distribution channels. In addition, the combination of Harman’s brands and audio capabilities and Samsung’s expertise in consumer electronics will deliver enhanced customer benefits and elevate user experiences across Samsung’s complete portfolio of consumer and professional products and systems.

Oh-Hyun Kwon, Vice Chairman and Chief Executive Officer, Samsung Electronics said, “Harman perfectly complements Samsung in terms of technologies, products and solutions; and joining forces is a natural extension of the automotive strategy we have been pursuing for some time.”

“As a Tier 1 automotive supplier with deep customer relationships, strong brands, leading technology and a recognized portfolio of best-in-class products; Harman immediately establishes a strong foundation for Samsung to grow our automotive platform. Harman’s sustained track record of rapid growth fueled by technology leadership and an unmatched automotive order pipeline reflects its commitment to innovation and customers,” he added.

Young Sohn, President and Chief Strategy Officer, Samsung Electronics said, “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. We see substantial long-term growth opportunities in the auto technology market as demand for Samsung’s specialized electronic components and solutions continues to grow. Working together, we are confident that Harman can become a new kind of Tier 1 provider to the OEMs by delivering end-to-end solutions across the connected ecosystem.”

Dinesh Paliwal, Chairman, President and CEO, Harman stated, “This compelling all-cash transaction will deliver significant and immediate value to our shareholders and provide new opportunities for our employees as part of a larger, more diversified company. Today’s announcement is a testament to what we have achieved and the value that we have created for shareholders. Samsung is an ideal partner for Harman and this transaction will provide tremendous benefits to our automotive customers and consumers around the world. Combining Samsung’s strengths in leading-edge displays, connectivity and processing solutions with Harman’s technology leadership and long-standing customer relationships will enable OEMs to provide new offerings for their customers. Partnerships and scale are essential to winning over the long term in automotive as demand for robust connected car and autonomous driving solutions increases at a rapid pace. This transaction will bring Harman and Samsung’s complementary strengths together to accelerate innovation in this space. More broadly, this investment underscores the strength of Harman’s employees, as well as our success and leadership across our markets. We look forward to working together with Samsung to elevate experiences for consumers worldwide.”


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