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© mikael damkier dreamstime.com Electronics Production | March 31, 2015

Harman to acquire Bang & Olufsen’s Automotive Audio Business

Infotainment company, Harman International Industries, has signed an agreement to acquire 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. Harman will assume all Bang & Olufsen Automotive customer programs, and all Bang & Olufsen Automotive development and production resources will be transferred to Harman. The agreement remains subject to certain customary closing conditions, including regulatory approvals.
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September 18 2019 10:52 am V14.4.0-1