“When the deal goes through, the transaction would immediately give Samsung a significant presence in the large and rapidly growing market for connected technologies, particularly in automotive, which has been a strategic priority for Samsung, and where the addressable market amounts to over 100 billion dollars by the year 2025″, is it stated in the press release, with reference to an assessment as Samsung has done.
Largest purchase for a Samsung
Of Harmans revenue comes 65 percent from the automotive field.
the Purchase price amounts to 112 dollars in cash per Harman share, representing a premium of 28% compared with the closing price on Friday, 11 november.
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the Deal represents the south Korean mobiltelefontillverkarens largest acquisition to date, reports The Wall Street Journal writes that the Samsung through the acquisition, trying to “take control of the car”.
this involves the purchase of the Harman International Industries
the Deal reshapes according to the financial magazine the pecking order within the global supply chain in the automotive industry, which reflects a faster rate of innovation and an increased role for the company with a large wallet and an understanding of mobile services, called it.
Bloomberg News notes that the acquisition comes just weeks after Samsung’s talks to acquire parts of Fiat Chrysler Automobiles component operation failed.