M&A Deal Summary

Harman International Industries Acquires AMX

On May 21, 2014, Harman International Industries acquired software company AMX from Duchossois Capital Management for 365M USD

Acquisition Highlights
  • This is Harman International Industries’ 3rd transaction in the Software sector.
  • This is Harman International Industries’ 2nd largest (disclosed) transaction.
  • This is Harman International Industries’ 4th transaction in the United States.
  • This is Harman International Industries’ 1st transaction in Texas.

M&A Deal Summary

Date 2014-05-21
Target AMX
Sector Software
Buyer(s) Harman International Industries
Sellers(s) Duchossois Capital Management
Deal Type Add-on Acquisition
Deal Value 365M USD
Advisor(s) Signal Hill Capital Group LLC (Financial)

Target

AMX

Richardson, Texas, United States
website
AMX LLC provides hardware and software solutions that simplify the implementation, maintenance, and use of technology. AMX was formed in 1982 and is based in Richardson, Texas.

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Buyer(S) 1

Buyer

Harman International Industries

Stamford, Connecticut, United States

website


Category Company
Founded 1980
Sector Electronics
Employees24,197
Revenue 6.9B USD (2016)
DESCRIPTION
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.


DEAL STATS #
Overall 11 of 19
Sector (Software) 3 of 5
Type (Add-on Acquisition) 11 of 18
State (Texas) 1 of 1
Country (United States) 4 of 8
Year (2014) 1 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-17 Duran Audio BV

Zaltbommel, Netherlands

Founded in Zaltbommel, The Netherlands by Gerrit Duran in 1981, Duran Audio has earned a strong reputation for its AXYS range of professional audio products including loudspeakers, amplifiers, signal processors and network devices. Duran Audio pioneered modern loudspeaker “beam steering” and “beam shaping” which are essential to addressing demanding acoustic environments. The company has also established a leading position in audio solutions for European EN-54 safety applications and software technologies for audio design.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 Yurbuds

St Louis, Missouri, United States

Yurbuds is a seller of sport earphone company in the United States. The business sells its diversified range of products through a wide distribution network of large retailers such as Target and Walmart, consumer electronics stores like Apple, Best Buy and AT&T, and sporting goods retailers such as Dick’s Sporting Goods and Sports Authority.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Duchossois Capital Management is the investment arm of family-controlled holding company, The Duchossois Group. Duchossois Capital pursues a variety of investment strategies including direct investments in companies and real estate, public securities, and fund commitments. Duchossois Capital's direct investment arm looks to commit $10 to $50 million in profitable companies generating $50 to $500 million in annual revenue. For platform investments, Duchossois seeks opportunities throughout North America but will consider add-ons globally. Areas of interest include engineered industrial products, building products, transportation, logistics, rail leasing, value-added distribution, consumer durables, security, healthcare services, and technology-enabled services. Duchossois Capital Management is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 4
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 1
Country (United States) 2 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-13 Life360

San Francisco, California, United States

Life360, Inc. is a location and communication app for families available for Android and the iPhone. Using location-based technology, Life360 enables families to share their locations, know when someone needs help and communicate easily with in-app messaging. The app operates in a convenient and secure way that does not interfere with busy schedules or personal freedom. Founded in 2008, Life360 placed first in Google’s Android Developer Challenge in that same year and has received funding from several prominent investors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Brivo

Bethesda, Maryland, United States

Brivo is a provider of SaaS-based security management systems for organizations that need to protect and remotely monitor buildings and perimeter entry points. Brivo was founded in 1999 and is based in Bethesda, Maryland.

Sell -