Harman International Industries, commonly known as Harman (stylized in all-uppercase as HARMAN), is an American
audio electronics
Audio most commonly refers to sound, as it is transmitted in signal form. It may also refer to:
Sound
*Audio signal, an electrical representation of sound
*Audio frequency, a frequency in the audio spectrum
*Digital audio, representation of sound ...
company.
Since 2017, the company has been an independent subsidiary of
Samsung Electronics
Samsung Electronics Co., Ltd. (, sometimes shortened to SEC and stylized as SΛMSUNG) is a South Korean multinational corporation, multinational electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea. It is the pinnacle of ...
.
Headquartered in
Stamford, Connecticut
Stamford () is a city in the U.S. state of Connecticut, outside of Manhattan. It is Connecticut's second-most populous city, behind Bridgeport. With a population of 135,470, Stamford passed Hartford and New Haven in population as of the 2020 ...
, US, Harman maintains major operations in the Americas,
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...
and
Asia
Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...
. Harman markets its products under various brands, including
AKG,
AMX,
Arcam
Arcam AB manufactures electron beam melting (EBM) systems for use in additive manufacturing, which create solid parts from metal powders. Arcam also produces metal powder through AP&C and medical implants through DiSanto Technologies.
Arcam AB w ...
,
Bang & Olufsen
Bang & Olufsen (B&O) is a Danish high-end consumer electronics company that designs and manufactures audio products, television sets, and telephones. It was founded in 1925 by Peter Bang and Svend Olufsen, who designed a radio to work with alt ...
Automotive,
Becker
Becker () is one of the German-language surnames, along with Bäcker and Baecker, that derive from the root, which refers to baking. The surname began as a name for a baker (and thus his family). In northern Germany it can also derive from the ...
, BSS Audio,
Crown
A crown is a traditional form of head adornment, or hat, worn by monarchs as a symbol of their power and dignity. A crown is often, by extension, a symbol of the monarch's government or items endorsed by it. The word itself is used, partic ...
,
dbx,
DOD Electronics
DOD Electronics, or simply DOD, is a Cort Guitars company that makes guitar effects pedals, many of which are now discontinued. Additionally, the company has made active crossover gear.
History
DOD originally stood for David Oreste DiFranc ...
, DigiTech,
Harman Kardon
Harman Kardon (stylized as ) is a division of US-based Harman International Industries, a subsidiary of Samsung Electronics, and manufactures home and car audio equipment.
Harman Kardon was originally founded in 1953 by business partners, Sid ...
,
Infinity
Infinity is that which is boundless, endless, or larger than any natural number. It is often denoted by the infinity symbol .
Since the time of the ancient Greeks, the philosophical nature of infinity was the subject of many discussions amo ...
,
JBL
JBL is an American audio equipment manufacturer headquartered in Los Angeles, California, United States. JBL serves the customer home and professional market. The professional market includes studios, installed/tour/portable sound, cars, music ...
,
Lexicon
A lexicon is the vocabulary of a language or branch of knowledge (such as nautical or medical). In linguistics, a lexicon is a language's inventory of lexemes. The word ''lexicon'' derives from Koine Greek language, Greek word (), neuter of () ...
,
Mark Levinson,
Martin Martin may refer to:
Places
* Martin City (disambiguation)
* Martin County (disambiguation)
* Martin Township (disambiguation)
Antarctica
* Martin Peninsula, Marie Byrd Land
* Port Martin, Adelie Land
* Point Martin, South Orkney Islands
Austral ...
,
Revel,
Soundcraft
Soundcraft is a British designer and importer (formerly a manufacturer) of mixing consoles and other professional audio equipment. It is a subsidiary of Harman International Industries, which is owned by South Korean company Samsung Electronics. ...
and
Studer
Studer is a designer and manufacturer of professional audio equipment for recording studios and broadcasters. The company was founded in Zürich, Switzerland, in 1948 by Willi Studer. It initially became known in the 1950s for its professiona ...
.
Early history
Sidney Harman
Sidney Harman (August 4, 1918 – April 12, 2011) was a Canadian-born American engineer and businessman active in education, government, industry, and publishing. He was the Chairman Emeritus of Harman International Industries, Inc. A co-fou ...
and Bernard Kardon founded the predecessor to Harman International,
Harman Kardon
Harman Kardon (stylized as ) is a division of US-based Harman International Industries, a subsidiary of Samsung Electronics, and manufactures home and car audio equipment.
Harman Kardon was originally founded in 1953 by business partners, Sid ...
, in 1953. Both Harman and Kardon were engineers by training and had worked at the Bogen Company, which was a manufacturer of public address systems. They developed high-fidelity audio together. Harman bought out his partner in 1956 and then expanded Harman Kardon into an audio powerhouse, according to a biography written by the
Consumer Electronics Hall of Fame
The Consumer Electronics Hall of Fame, founded by the Consumer Electronics Association (CEA), honors leaders whose creativity, persistence, determination and personal charisma helped to shape the industry and made the consumer electronics marketpla ...
.
Acquisitions and expansion
In the 1960s, Harman Kardon grew larger and acquired other audio houses (such as
JBL
JBL is an American audio equipment manufacturer headquartered in Los Angeles, California, United States. JBL serves the customer home and professional market. The professional market includes studios, installed/tour/portable sound, cars, music ...
). In the 1970s, Harman accepted an appointment in the
Carter administration
Jimmy Carter's tenure as the 39th president of the United States began with his inauguration on January 20, 1977, and ended on January 20, 1981. A Democrat from Georgia, Carter took office after defeating incumbent Republican President ...
as
deputy secretary of the Department of Commerce. When Harman took office in 1976 as head in charge, he sold his company to conglomerate
Beatrice Foods
Beatrice Foods Company was a major American food processing company founded in 1894. In 1987, its international food operations were sold to Reginald Lewis, a corporate attorney, creating TLC Beatrice International, after which the majority of ...
to avoid a conflict of interest. Beatrice promptly sold many portions of the company, including the original Harman Kardon division, and by 1980 only 60% of the original company remained.
After he left his government position in 1978, he created Harman International Industries and reacquired a number of businesses he sold to Beatrice. The company continued its growth plan with a string of acquisitions throughout the 1980s that pushed Harman International's sales from about $80 million in 1981 to more than $200 million by 1986, and then to more than $500 million by 1989. Harman International went public in 1986 with a stock offering on the New York Stock Exchange. Cash from that sale was used to, among many other purchases, buy
Soundcraft
Soundcraft is a British designer and importer (formerly a manufacturer) of mixing consoles and other professional audio equipment. It is a subsidiary of Harman International Industries, which is owned by South Korean company Samsung Electronics. ...
, a UK producer of professional mixing boards, in 1988 and later – Salt Lake City digital electronics producer DOD Electronics Corp. By 1994, Harman International was selling consumer audio gear under such brands as JBL, Harman Kardon, Infinity and Epicure loudspeakers, as well as professional audio systems with such brands as JBL Professional,
UREI
United Recording Electronics Industries (UREI) was a manufacturer of recording, mixing and audio signal processing hardware for the professional recording studio, live sound and broadcasting fields.
History
Bill Putnam Sr. founded Universal ...
, Soundcraft,
Allen & Heath
Allen & Heath (also known as AH or A&H) is a company based in Penryn, Cornwall, England, specialising in the manufacture of audio mixing consoles. Allen & Heath also makes sound management systems for industrial installations and DJ mixers ...
,
dbx, Studer, DOD, Lexicon, AKG, BSS, Orban, Quested and Turbosound (the last one now under the control of
Music Group
A musical ensemble, also known as a music group or musical group, is a group of people who perform instrumental and/or vocal music, with the ensemble typically known by a distinct name. Some music ensembles consist solely of instrumentalists, ...
).
In 2003
Madrigal Audio Laboratories Madrigal Audio Laboratories was founded in 1984 by Sanford Berlin (1927 – March 11, 2008), when he took over the Highend audio-company Mark Levinson. Further brands of Madrigal were Audioaccess, Proceed, Madrigal, Imaging. 1997 the subsidia ...
were bought, which includes Highend
Mark Levinson and
Revel.
In July 2011, Harman acquired MWM Acoustics.
Harman expanded to include lighting in 2013 with the acquisition of
Martin Professional
Martin Professional (''Harman Professional Denmark ApS'') is a Danish manufacturer and distributor of stage and architectural lighting and effects fixtures. It is owned by Harman International Industries, a subsidiary of Samsung Electronics. ...
.
In June 2014, Harman completed the acquisition of
AMX LLC
AMX (formerly AMX, LLC) is an American manufacturer of video switching and control devices. It is currently owned by Samsung Electronics through Harman International Industries, and is part of the Harman Professional Division.
Overview
Scott ...
.
In March 2015, Harman acquired the automotive division of
Bang & Olufsen
Bang & Olufsen (B&O) is a Danish high-end consumer electronics company that designs and manufactures audio products, television sets, and telephones. It was founded in 1925 by Peter Bang and Svend Olufsen, who designed a radio to work with alt ...
for 145 million euros ($156 million) for the unit as well as technology license fees. The purchase didn't include Bang & Olufsen's consumer-electronics business.
In 2015, recognizing the increasing role of software and services in the markets it served, Harman expanded its capabilities around cloud, mobility and analytics with the acquisitions of
Symphony Teleca, a software services company based in Mountain View, CA, and
Redbend, an Israeli-based provider of software management technology for connected devices, and over-the-air (OTA) software and firmware upgrading services. With these additions, Harman announced the formation of a fourth division, which they called Connected Services.
In March 2016, Harman acquired the automotive cyber-security firm TowerSec. This acquisition increased Harman's competencies in the emerging automotive cyber-security field. This was evidenced by the subsequent launch of the company's '5+1 security framework' incorporating TowerSec's 'ECU shield' technology.
This acquisition was notable for further demonstrating Harman's desire to expand beyond its traditional business areas of in-car audio and entertainment systems.
On November 14, 2016, Harman entered into an agreement to be acquired by Samsung.
In February 2017, Harman International shareholders voted in favor of the acquisition by Samsung. On March 10, 2017, the acquisition was completed, with Harman becoming the independent subsidiary of Samsung.
In March 13, 2018 Harman International announced strategic association with Samsung SmartThings, a wholly owned and independent subsidiary of Samsung.
Through this collaboration, Harman will work with SmartThings to design and develop of the SmartThings app, integrate third-party sensors and drive initiatives for IoT platform hub.
As of early April, 2022 the DOD and DigiTech brands appeared to have been discontinued or sold to another company. Tom Cram, former Product Development Manager, speaking of rumors about him rejoining the company stated, "you need to push those rosy thoughts right out of your heads.” On April 25 2022
Cor-Tek Corporation stated they acquired those brands and their intellectual assets.
Private equity attempt
Harman International Industries was to delist from NYSE in Q3/2007 due to a buy-out by
KKR and
Goldman Sachs Capital Partners
Goldman Sachs Capital Partners is the private equity arm of Goldman Sachs, focused on leveraged buyout and growth capital investments globally. The group, which is based in New York City, was founded in 1986. As of 2019, GS Capital Partners had r ...
. However, as of mid September 2007, KKR announced they would back out of the deal. On the news, Harman shares plummeted by more than 24%.
Coincident with the buy-out deal,
Dinesh Paliwal
Dinesh C. Paliwal (born December 17, 1957) is an Indian American business executive. He was the president and chief executive officer (CEO) of Harman International, a provider of audio and infotainment systems for the automotive, consumer, an ...
was hired as company president and CEO in July 2007. On July 1, 2008, Sidney Harman was succeeded by Dinesh Paliwal as chairman of the board. In April 2020 he was succeeded by Michael Mauser, who has been working 22 years for Harman.
Brands
*
AIR
The atmosphere of Earth is the layer of gases, known collectively as air, retained by Earth's gravity that surrounds the planet and forms its planetary atmosphere. The atmosphere of Earth protects life on Earth by creating pressure allowing f ...
– a cross-platform runtime system for building desktop applications and mobile applications
*
AKG – microphone/headphones
*
AMX – video switching and control devices
*
Arcam
Arcam AB manufactures electron beam melting (EBM) systems for use in additive manufacturing, which create solid parts from metal powders. Arcam also produces metal powder through AP&C and medical implants through DiSanto Technologies.
Arcam AB w ...
– high end home audio – amplifiers and audio components
*
AXYS Tunnel – Amplifier for public tunnel
*
Bang & Olufsen
Bang & Olufsen (B&O) is a Danish high-end consumer electronics company that designs and manufactures audio products, television sets, and telephones. It was founded in 1925 by Peter Bang and Svend Olufsen, who designed a radio to work with alt ...
Automotive – car audio
*
Becker
Becker () is one of the German-language surnames, along with Bäcker and Baecker, that derive from the root, which refers to baking. The surname began as a name for a baker (and thus his family). In northern Germany it can also derive from the ...
– car infotainment
* BSS Audio –
signal processing
Signal processing is an electrical engineering subfield that focuses on analyzing, modifying and synthesizing ''signals'', such as audio signal processing, sound, image processing, images, and scientific measurements. Signal processing techniq ...
*
Crown International
Crown International, or Crown Audio, is an American manufacturer of audio electronics, and is a subsidiary of Harman International Industries, which has been part of South Korea-based Samsung Electronics since 2017. Today, the company is known p ...
– pro amplifiers
*
dbx – signal processors
*
DigiTech – guitar products
* HALOsonic – Noise Management Solutions
* HardWire – guitar pedals
*
Harman Kardon
Harman Kardon (stylized as ) is a division of US-based Harman International Industries, a subsidiary of Samsung Electronics, and manufactures home and car audio equipment.
Harman Kardon was originally founded in 1953 by business partners, Sid ...
– home/car audio
*
HiQnet – control network for digital audio equipment, supporting communication over TCP/IP, USB and RS232
*
Infinity
Infinity is that which is boundless, endless, or larger than any natural number. It is often denoted by the infinity symbol .
Since the time of the ancient Greeks, the philosophical nature of infinity was the subject of many discussions amo ...
– home/car speakers/headphones
*
JBL
JBL is an American audio equipment manufacturer headquartered in Los Angeles, California, United States. JBL serves the customer home and professional market. The professional market includes studios, installed/tour/portable sound, cars, music ...
– home/car speakers & amplifiers, professional speakers, headphones
*
Lexicon
A lexicon is the vocabulary of a language or branch of knowledge (such as nautical or medical). In linguistics, a lexicon is a language's inventory of lexemes. The word ''lexicon'' derives from Koine Greek language, Greek word (), neuter of () ...
– digital processing
*
Mark Levinson Audio Systems
Mark Levinson is an American high-end audio equipment brand established in 1972 by eponymous founder Mark Levinson, and based in Stamford, Connecticut. It is owned by Harman International Industries, a subsidiary of Samsung Electronics.
Histor ...
– home/car audio
*
Martin Professional
Martin Professional (''Harman Professional Denmark ApS'') is a Danish manufacturer and distributor of stage and architectural lighting and effects fixtures. It is owned by Harman International Industries, a subsidiary of Samsung Electronics. ...
– stage and architectural lighting and effects fixtures
*
Revel – home/car speakers
* Selenium – home, car and professional speakers, amplifiers, sound tables/mixers
* S1nn GmbH & Co.
*
Soundcraft
Soundcraft is a British designer and importer (formerly a manufacturer) of mixing consoles and other professional audio equipment. It is a subsidiary of Harman International Industries, which is owned by South Korean company Samsung Electronics. ...
– mixing consoles
*
Studer
Studer is a designer and manufacturer of professional audio equipment for recording studios and broadcasters. The company was founded in Zürich, Switzerland, in 1948 by Willi Studer. It initially became known in the 1950s for its professiona ...
– mixing consoles, sold to
Evertz Microsystems
In 1997, it was purchased and reorganized by a group of former employees of Leitch Technology (now owned by Harris Corporation).
Evertz held an initial public offering in June 2006 and raised $67 million CAD, listing its stock on the Toronto Sto ...
2021
*
Caaresys —
in-cabin safety systems
References
External links
*
{{Authority control
Manufacturing companies based in Connecticut
Companies based in Stamford, Connecticut
Companies formerly listed on the New York Stock Exchange
American companies established in 1980
Electronics companies established in 1980
American subsidiaries of foreign companies
Samsung Electronics
1980s initial public offerings
2017 mergers and acquisitions