Add-on Acquisition • Electrical Equipment

Harman International Industries Acquires Martin Professional A/S

On December 19, 2012, Harman International Industries acquired electrical equipment company Martin Professional A/S for 110M EUR

Acquisition Context
  • This is Harman International Industries’ 1st transaction in the Electrical Equipment sector.
  • This is Harman International Industries’ 6th largest (disclosed) transaction.
  • This is Harman International Industries’ 1st transaction in Denmark.

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M&A Deal Summary

Date December 19, 2012
Target Martin Professional A/S
Sector Electrical Equipment
Buyer(s) Harman International Industries
Deal Type Add-on Acquisition
Deal Value 110M EUR

Target Company

Martin Professional A/S

Aarhus, Denmark
Martin Professional A/S of Denmark is a provider of lighting solutions for the entertainment, architectural, and commercial sectors.
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Buyer Overview 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 Context for Buyer #
Overall 8 of 24
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 8 of 20
Country: Denmark 1 of 2
Year: 2012 2 of 2
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-07 Interchain Solution Pvt.

Bangalore, India

Interchain Solution Pvt. Ltd. is a technology product company that specializes in developing telematics, fleet management, Android based in-vehicle infotainment and location-based solutions.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-10 iOnRoad Technologies

Ramat Gan, Israel

iOnRoad improves driving in real-time using the power of modern computer vision algorithms and smart-phone cameras. The iOnRoad Android and iOS apps provide a range of personal driving assistance functions including augmented driving, collision warning and “black-box” like video recording and have generated close to a million downloads.

Buy -