The $350 million deal brings them below the identical roof as JBL, Harman Kardon, Arcam, AKG, Mark Levinson, and Revel, which Samsung acquired again in 2016 with its $8 billion acquisition of Harman. The Masimo transaction is predicted to shut by the tip of 2025, topic to regulatory approvals.
“Discovering the precise residence for this enterprise has been a acknowledged precedence of the brand new Board from day one, and this transaction represents an necessary milestone,” stated Masimo vice chairman Quentin Koffey. Masimo, you would possibly recall, is the worldwide medical expertise firm that launched a US patent infringement lawsuit towards Apple over the heart beat oximetry tech used within the Apple Watch.
In its press launch, Samsung says it “plans to solidify its international No. 1 place within the client audio market” by combining the Harman and Massimo companies. A part of that plan additionally contains making use of skilled audio expertise from Bowers & Wilkins, Denon, and Marantz to Samsung’s lineup of smartphones, wi-fi earphones, headphones, TVs, and sound bars, alongside increasing its automotive audio enterprise portfolio with manufacturers like Bowers & Wilkins.
“Harman is proud to have grown right into a world-class audio firm with 75 years of historical past, and we anticipate that the acquisition of one other luxurious audio model, B&W, will additional solidify Harman’s place as a real audio powerhouse,” stated Dave Rogers, president of Harman’s life-style enterprise unit.
