© 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.
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.
Ad
Plexus kicks off 2019 with a strong first quarter
During the EMS provider’s first quarter for the fiscal year 2019 the company recorded revenues...
Stoneridge appoints new president for electronics division
Stoneridge Inc. has appointed Laurent Borne as president of the Electronics Division of...
Éolane opens its new plant in Estonia
Electronics manufacturer, Éolane, announces that its subsidiary in Estoria, Éolane Tallinn AS, has opened its new manufacturing plant in Lasnamäe; to where its entire production was transferred at the end of last year.
Osram Divests NA-based SLS; WESCO Increases Foothold
WESCO International Inc. has announced the acquisition of certain assets of Sylvania...
Ad
Drone Aviation Secures Multi-Million Dollar Award, Plans Expansion of...
Drone Aviation Holding Corp. has been selected by an as-yet-unnamed prime...
Profound Medical starts cooperation with Scanfil
EMS provider, Scanfil, announces that it has signed an agreement with Medical...
A sharper price decline of nearly 20% is expected for 1Q19 in DRAM market
The overall price trend in the DRAM market has been stable in December, showing no...
Amphenol Invotec secures Nadcap approval for its Telford site
PCB manufacturer Amphenol Invotec, announces that its Telford site has been awarded...
Bentec finds a distribution partner in Detech Europe
Bentec Ltd is partnering with Detech Europe Ltd to sell its range of Surface Mount...
Oregon, Ireland and Israel on Intel’s Map for Manufacturing Site...
In an effort to evolve from a PC- to data-centric company and deliver solutions that process...
LG Electronics and AEye Partnering to Deliver Solutions to ADAS Market
Multinational electronics company LG Electronics (LG) and AEye, maker of artificial...
VW Expanding Chattanooga Plant for North American EV Rollout
Forging ahead with its electric-car offensive, Volkswagen has announced that the company’s Chattanooga, Tennessee plant, which began operations in 2011, will produce vehicles based on their modular electric toolkit MEB...
Swedish electric car company Nevs gets a new main owner
Chinese property conglomerate Evergrande Group has acquired 51% of the shares in Nevs AB in...
Nokia to reduce Finnish workforce by 350 employees
Finnish telecom company Nokia is reportedly getting ready to cut 350 jobs in Finland as the...
EMEA EMS industry set to exceed €35 billion by 2022
According to Reed Electronics Research’s latest analysis, revenues for the EMS industry in...
Volvo invests in wireless electric charging
Volvo Group Venture Capital AB, a subsidiary of the Volvo Group, announces that it has man an...
CEVA expands with new UK R&D centre
CEVA, Inc. is opening a new research and development facility in Bristol, United...
ALL Circuits opens new facility in Mexico
French EMS provider, ALL Circuits, is continuing its global expansion with the opening of...
SpaceX need to become leaner – laying off 10% of workforce
Aerospace manufacturer SpaceX will reportedly reduce its workforce by 10% as the...
Global smartphone production volume may decline 5% in 2019
Global smartphone production volume for 2019 is expected to be 1.41 billion units, a decrease of 3.3% compared with 2018, according to the latest report by TrendForce.
Jaguar Land Rover continues its transformation - laying off 4'500
Jaguar Land Rover has outlined the next phase of its ‘Charge and Accelerate’, the company’s ongoing transformation programme; which aims to deliver GBP 2.5 billion in cost reductions and cashflow improvements over...
Related news
Most Read
Load more news
