M&A Deal Summary

Harman International Industries Acquires Bang & Olufsen - Automotive Audio Business

On March 31, 2015, Harman International Industries acquired electronics company Bang & Olufsen - Automotive Audio Business from Bang & Olufsen

Acquisition Highlights
  • This is Harman International Industries’ 6th transaction in the Electronics sector.
  • This is Harman International Industries’ 2nd transaction in Denmark.

M&A Deal Summary

Date 2015-03-31
Target Bang & Olufsen - Automotive Audio Business
Sector Electronics
Buyer(s) Harman International Industries
Sellers(s) Bang & Olufsen
Deal Type Divestiture

Target

Bang & Olufsen - Automotive Audio Business

Struer, Denmark
Bang & Olufsen’s Automotive Audio Business is a provider of sound systems are available in a wide range of Audi, Aston Martin, BMW and Mercedes-Benz car models.

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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 15 of 23
Sector: Electronics M&A 6 of 7
Type: Divestiture M&A Deals 1 of 3
Country: Denmark M&A 2 of 2
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-22 Symphony Teleca

Mountain View, California, United States

Symphony Teleca Corp. is a software services company. Symphony Teleca provides software engineering and integration services that help businesses rapidly design and develop products and technologies at the convergence of device, sensors, cloud and data.

Buy $780M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-05 TowerSec

Ann Arbor, Michigan, United States

TowerSec, Inc. is a global automotive cyber security supplier, delivers on-board cyber security technology to OEMs, suppliers and the aftermarket that will stop cyber threats now and in the future.

Buy -

Seller(S) 1

SELLER

Bang & Olufsen

Struer, Denmark

Category Company
Founded 1925
Sector Electronics
Employees981
Revenue 2.6B DKK (2025)
DESCRIPTION

Bang & Olufsen is a manufacturer of a distinctive and exclusive range of televisions, music systems, loudspeakers, telephones, and multimedia products that combine technological excellence with emotional appeal. Bang & Olufsen was founded in 1925 and is based in Struer, Denmark.


DEAL STATS #
Overall 1 of 1
Sector: Electronics M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Denmark M&A 1 of 1
Year: 2015 M&A 1 of 1