M&A Deal Summary

Harman International Industries Acquires Savaria

On February 26, 2021, Harman International Industries acquired machinery company Savaria

Acquisition Highlights
  • This is Harman International Industries’ 1st transaction in the Machinery sector.
  • This is Harman International Industries’ 3rd transaction in Canada.
  • This is Harman International Industries’ 1st transaction in Quebec.

M&A Deal Summary
Date 2021-02-26
Target Savaria
Sector Machinery
Buyer(s) Harman International Industries
Deal Type Add-on Acquisition

Target

Savaria

Laval, Quebec, Canada
Savaria Corp. is a designer, manufacturer, distributor and installs primarily elevators for home and commercial use, as well as stairlifts and vertical and inclined platform lifts. Savaria has built thousands of lifts and elevators used around the world to help improve access for wheelchair users and other mobility challenged people in the home and in public spaces. Savaria was founded in 1979 and is based in Laval, Canada.

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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 17 of 21
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 16 of 20
State (Quebec) 1 of 1
Country (Canada) 3 of 3
Year (2021) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-10 Apostera

Unterföhring, Germany

Apostera is a Germany-based automotive technology company that provides augmented reality and mixed reality software solutions. Apostera is based in Unterföhring, Germany.

Buy -
Mergr

Product

Company

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