M&A Deal Summary

Harman International Industries Acquires Roon Labs

On November 27, 2023, Harman International Industries acquired digital media company Roon Labs

Acquisition Highlights
  • This is Harman International Industries’ 1st transaction in the Digital Media sector.
  • This is Harman International Industries’ 9th transaction in the United States.
  • This is Harman International Industries’ 1st transaction in New York.

M&A Deal Summary
Date 2023-11-27
Target Roon Labs
Sector Digital Media
Buyer(s) Harman International Industries
Deal Type Add-on Acquisition
Advisor(s) Horizon Partners (Financial)

Target

Roon Labs

Bedford, New York, United States
Roon Labs is a music player platform for music enthusiasts, which features a rich interface for browsing and discovering music, compatibility with almost any audio device, and a playback engine designed to deliver the best possible sound. Roon Labs is based in Bedford, New York.

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Buyer(S) 1

Buyer

Harman International Industries

Stamford, Connecticut, United States
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 20 of 21
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 19 of 20
State (New York) 1 of 1
Country (United States) 9 of 9
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Caaresys

Netanya, Israel

Caaresys connects humans and machines utilizing contactless sensing of human vital signs and providing real-time insights on that information via radar-based sensors. Through its product verticals focused on Automotive, the company provides a mass production, OEM-ready solution for cabin monitoring designed to make vehicles smarter and safer. Caaresys was formed in 2017 and is based in Netanya, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 Flux

Meung-sur-Loire, France

Flux is a digital audio software workstation focused on creating intuitive and technically innovative audio software tools, used by sound engineers and producers in professional audio, broadcast, and post-production. Flux is based in Meung-sur-Loire, France.

Buy -
Mergr

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