American subsidiary Harman was established in 1980 and acquired by Samsung in 2016 for $8 billion. Harman has over 26,000 employees worldwide and produces lifestyle audio, connected car, and professional audio products under brands like AKG, JBL, and Lexicon. The company aims to nearly triple its annual sales to $20 billion by 2025 through partnerships with tech giants and expanding its consumer audio, automotive, and professional business divisions.

2. INTRODUCTION
• American subsidiary of Samsung Electronics
• Estd. In 1980
• Products includes lifestyle audio, connected cars, professional
solutions etc.
• CEO – Mr. Dinesh Paliwal
• Head Quarters – Stamford
• Harman was listed in New York Stock Exchange prior its aquisation

3. Acquisitions
• Samsung acquired Harman in November 2016
• Officially Harman became a subsidiary of Samsung in February 2017
• Samsung acquired Harman for $8 Billion
• Price for Harman stockholders is $112 per share

4. PRODUCTS
• AKG - microphone/headphones
• AMX - video switching and control devices
• Arcam - high end home audio - amplifiers and audio components
• Becker - car infotainment
• BSS Audio - signal processing
• Crown International - pro amplifiers
• dbx - signal processors
• DigiTech - guitar products
• HardWire - guitar pedals
• HiQnet - control network for digital audio, based on Ethernet
• harman/kardon - home/car audio
• Infinity - home/car speakers
• JBL - home/car speakers & amplifiers, professional speakers
• Lexicon - digital processing
• Mark Levinson Audio Systems - home/car audio
• Martin Professional - 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 - mixing consoles
• Studer - mixing consoles
• HALOsonic - Noise Management Solutions

5. EMPLOYEE STRENGTH
Table 1. Number of full-time employees (Approx.)
Fiscal Year Total North America Outside of NA
2018[24] 26,000 7,300 18,700
Mar. 2017[25] 29,000 - -
Feb. 2016[26] - - -
Sep. 2015[27] 28,000 - -
2015[28] 24,197 6,793 17,404
2014[29] 14,202 5,599 8,603
2013[30] 12,221 4,509 7,712
2012[31] 11,386 4,169 7,197
2010[32] 9,816 3,362 6,454
2008[33] 11,694 4,834 6,860
2007[34] 11,688 5,611 6,077

6. MARKET SHARE AND GROWTH
• Estimated revenue of Harman (2018) is $7.5 Billion
• SmartBeings has partnered with Harman for WooHoo
• WooHoo is an interactive all home assistant
• Harman International wants to nearly triple annual sales by 2025 by partnering with tech
groups such as Amazon, Google and Microsoft, as well as its new owner, Samsung
• CEO Dinesh Palliwal, in an interview at the IFA consumer electronics fair, said he had set
an internal goal to make Harman a $20 billion business within eight years, up from
around $7.3 billion currently, through a mix of internal growth and bolt-on deals.
• The aim is to expand the three parts of its business: consumer and professional audio
products, along with its biggest operation, automotive audio and parts supply.

7. INNOVATION
• Optimal Configurations for Subwoofers in Rooms Considering Seat to
Seat Variation and Low Frequency Efficiency: Color Plots
• Direction and Space – the Final Frontiers
• Audio, Science in the Service of Art
• A New Laboratory for Evaluating Multichannel Audio Components
and Systems

8. EXPECTED GROWTH