M&A Deal Summary

Samsung Electronics Acquires Harman International Industries

On November 14, 2016, Samsung Electronics acquired electronics company Harman International Industries for 8.0B USD

Acquisition Highlights
  • This is Samsung Electronics’ 3rd transaction in the Electronics sector.
  • This is Samsung Electronics’ largest (disclosed) transaction.
  • This is Samsung Electronics’ 15th transaction in the United States.
  • This is Samsung Electronics’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2016-11-14
Target Harman International Industries
Sector Electronics
Buyer(s) Samsung Electronics
Deal Type Add-on Acquisition
Deal Value 8.0B USD
Advisor(s) J.P. Morgan Securities
Lazard Ltd. (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Harman International Industries

Stamford, Connecticut, United States
website
Entrance to a Harman retail store in New York City.
Entrance to a Harman retail store in New York City.
Harman International Industries, Inc. is a designer, manufacturer and marketer of audio and infotainment products for the automotive, consumer and professional markets. Its brands include Harman Kardon, JBL, Revel, Mark Levinson, Infinity, Lexicon, Soundcraft-Studer, AKG, Becker and QNX. Harman International Industries, Inc. was formed in 1980 and is based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

Samsung Electronics

Suwon, South Korea

website

Category Company
Founded 1938
Sector Electronics
Employees106,074
Revenue 279,604.8B KRW (2021)
DESCRIPTION
Office on Samsung's corporate campus in Mountain View, California.
Office on Samsung's corporate campus in Mountain View, California.

Samsung Electronics is a manufacturer and marketer of a wide range of consumer electronics. Samsung Electronics produces mobile phones, televisions, computers as well as electronic components including batteries, chips, memory and hard drives. Samsung Electronics was founded in 1938 and is based in Suwon, South Korea.

DEAL STATS #
Overall 20 of 28
Sector (Electronics) 3 of 3
Type (Add-on Acquisition) 19 of 26
State (Connecticut) 1 of 1
Country (United States) 15 of 19
Year (2016) 5 of 6
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-06 Viv Labs

San Jose, California, United States

Viv Labs, Inc. is an artificial intelligence platform that enables developers to distribute their products through an intelligent, conversational interface.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 NewNet Communication Technologies Canada

Halifax, Nova Scotia, Canada

NewNet Communication Technologies Canada develops mobile and wireline telecom software solutions for global carriers. The Company's services include professional services to telcos and development of RCS Messaging software solutions. NewNet Communication Technologies Canada is based in Halifax, Nova Scotia.

Buy $19M
Mergr

Product

Company

Legal