Samsung is paying $350 million for audio manufacturers Bowers & Wilkins, Denon, Marantz and Polk

Harman Worldwide, an entirely owned subsidiary of Samsung, is purchasing the audio enterprise of well being know-how firm Masimo for $350 million in money. The deal is predicted to finalized by the top of 2025, although it's nonetheless topic to regulatory approvals. Samsung purchased Harman International again in 2017 for $8 billion, although it allowed the corporate to function as an unbiased subsidiary. Harman's manufacturers embrace JBL, Harman Kardon, AKG, Mark Levinson, Arcam and Revel. If and when the acquisition pushes by means of, Masimo's audio manufacturers below Sound United can be added to the record, together with Bowers & Wilkins, Denon, Marantz and Polk Audio.

It’s unclear if the acquisition will result in layoffs, however it appears like Harman is taking over Sound United's workers. "Constructed on a shared legacy of innovation and excellence in audio know-how, this mixed household of manufacturers, along with the proficient workers of each firms, will ship complementary audio merchandise, strengthen our worth proposition and supply extra selections to customers," mentioned Dave Rogers, the President of Harman's Way of life division.

As famous by The Verge, Samsung published a press launch, the place it briefly talked concerning the historical past of the manufacturers it's buying. It talked about a few of Bowers & Wilkins' most iconic merchandise, such because the Nautilus loudspeaker (pictured above) and its Zeppelin wireless speaker, in addition to Denon's historical past as an early adopter of the CD participant. Harman had a 60 p.c market share in transportable audio units final yr, and the corporate is seeking to keep that place with this buy. "By combining the audio enterprise of Masimo, which is being acquired this time, with Harman’s life-style enterprise division, the corporate plans to solidify its world No. 1 place within the shopper audio market," Samsung mentioned. Samsung additionally plans to use the brand new manufacturers' audio applied sciences to its smartphones, TVs, wi-fi earphones, soundbars and different units sooner or later.

This text initially appeared on Engadget at https://www.engadget.com/audio/samsung-is-paying-350-million-for-audio-brands-bowers–wilkins-denon-marantz-and-polk-131514754.html?src=rss

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