Samsung has acquired Harman International Industries for $8 billion, the Korean supergiant’s largest acquisition ever. Harman is best known for its Harmon Kardon audio systems, and other audio brands like JBL. However, Harman does most of its business selling safety, telematics, and infotainment devices to the auto companies like Toyota and BMW. The acquisition positions Samsung more competitively in the connected auto industry, a field already occupied by rivals Apple and Google.
Samsung usually develops its new technology in-house, and rarely makes big acquisitions. The company decided to break tradition to more quickly enter the automotive market.
(Image via: Engadget)