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© rawpixelimages dreamstime.com Electronics Production | June 01, 2015

Harman completes acquisition of Bang & Olufsen’s automotive audio

Infotainment company Harman has completed its acquisition of Bang & Olufsen Automotive car audio business.
The agreement include a purchase price of EUR 145 million for the Bang & Olufsen Automotive audio business, as well as license payments for an exclusive license to the Bang & Olufsen and B&O PLAY brands within the automotive industry.

“The additions of Bang & Olufsen and B&O PLAY as distinctive and renowned brands will complement our existing premium branded offerings and strengthen Harman’s position as a leader in this segment,” said Dinesh C. Paliwal, HARMAN Chairman, President and CEO. “With this acquisition we are continuing Harman’s drive to offer our customers the strongest portfolio of brands and technologies.”

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