Who owns Harman? This question has intrigued many, especially given the company’s significant presence in the global audio and connected technologies industry. Harman International Industries, Inc., a leading manufacturer of audio, navigation, and connected technologies for the automotive, consumer, and professional markets, has a complex ownership structure that has evolved over the years.
Harman’s journey began in 1953 when Bernard Kocрубek founded the company. Initially, it was a small electronics repair shop. However, through strategic acquisitions and organic growth, Harman expanded its product portfolio and market reach. In 1989, it was acquired by satellite communications company Hughes Electronics, which was later acquired by General Motors. Despite these changes, Harman maintained its independence and continued to grow.
In 2017, the question of who owns Harman took a new turn when it was acquired by Samsung Electronics Co., Ltd. This deal, valued at approximately $8 billion, marked the largest acquisition in Samsung’s history. The acquisition was a strategic move for Samsung, as it aimed to strengthen its position in the automotive and connected technologies markets.
Under Samsung’s ownership, Harman has continued to innovate and expand its offerings. The company has been instrumental in integrating advanced audio and connectivity solutions into vehicles, enhancing the overall driving experience. Moreover, Harman has been actively involved in developing connected car technologies, which are becoming increasingly important in the automotive industry.
While Samsung Electronics Co., Ltd. is the majority owner of Harman, the company operates as an independent entity within the Samsung Group. This means that while Samsung benefits from Harman’s expertise and market presence, Harman retains its unique culture and operational autonomy.
The ownership structure of Harman is a testament to the evolving landscape of the global automotive and connected technologies industry. As technology continues to advance, it is likely that the ownership of such companies will continue to change, reflecting the dynamic nature of the industry. In the case of Harman, its acquisition by Samsung has opened new avenues for growth and innovation, while ensuring that the company remains a leader in its field.
