M&A Deal Summary

Harman International Industries Acquires QNX Software Systems

On November 1, 2004, Harman International Industries acquired software company QNX Software Systems for 138M USD

Acquisition Highlights
  • This is Harman International Industries’ 1st transaction in the Software sector.
  • This is Harman International Industries’ 6th largest (disclosed) transaction.
  • This is Harman International Industries’ 1st transaction in Canada.
  • This is Harman International Industries’ 1st transaction in Ontario.
Investment Fate
  • QNX Software Systems was divested to a consortium of strategic buyers in 2010 for 200M USD.

M&A Deal Summary

Date 2004-11-01
Target QNX Software Systems
Sector Software
Buyer(s) Harman International Industries
Deal Type Add-on Acquisition
Deal Value 138M USD

Target

QNX Software Systems

Ottawa, Ontario, Canada
QNX Software Systems Ltd., based in Ottawa, Ontario, was founded in 1980. The unit's QNX® Neutrino® open platform operating system is deployed across multiple business sectors including automotive, industrial, telecommunications, medical, defense, and aerospace.

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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 2 of 24
Sector: Software M&A 1 of 6
Type: Add-on Acquisition M&A Deals 2 of 20
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 3
Year: 2004 M&A 1 of 1
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-03-01 Becker

Karlsbad, Germany

Becker GmbH, provides both aftermarket car audio systems as well as custom OEM in-dash systems to predominantly European automakers.

Buy $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-23 PhatNoise

Los Angeles, California, United States

PhatNoise, Inc. is an edge developer of next-generation hardware and software technologies for digital media enjoyment in the automobile.

Buy -