Saturday, March 11, 2017

Samsung Electronics, Harman completes acquisition of US



[Korea ohahreum financial newspaper News] Samsung 11 (US local time 10 days) has completed the acquisition Haman.

Samsung Electronics has completed all the procedures required for the acquisition, such as last November, 14 days after signed a purchase agreement with Harman, Harman Shareholders' Meeting approved, 10 countries, including the United States, the approval of the antitrust review.

As the acquisition is completed, Haman's shareholders will receive a cash payment of $ 112 per share, shares, Samsung Electronics is the US subsidiary (SEA) holds a 100% stake Haman.

Sonyounggwon Samsung Electronics Innovation Center (SSIC) Chairman Harman Council President gives the "Samsung and Harman audio, home appliances, by sharing skills and experience in various fields such as smart phones differentiation and product innovation to our customers and unique experience and he said the technology will be the best partner for car manufacturers lead the innovation "of the Connected car sector.

Harman D. neswi Farley month (Dinesh Paliwal) CEO (CEO) are "Samsung has a trust relationship with our customers Haman held by the ideal shareholder and partner with as well as to share the culture with an emphasis on speed and innovation," he said, "This acquisition delivering new value and opportunity to our shareholders, customers and employees both through mergers and accelerate growth in the areas of automotive electronics and audio it said it would strengthen its global leadership. "

As the acquisition process is finished, Samsung battlefield project team is planning to expand the Harman and cooperation so Samsung have and incorporate innovative technologies to Haman full-length product can produce synergies in several areas such as purchasing, logistics, marketing, .

Haman and management independently by the current management team, including CEO di neswi, employees and headquarters, overseas operations are of course also have plans Haman retain the brand.



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