They bring them the $ 350 million deal under the same ceiling as JBL, Harman Kardon, Arcam, Akg, Mark Levinson and Revel, which Samsung acquired in 2016 with Its acquisition of Harman is worth $ 8 billion. MASIMO is expected to be closed by the end of 2025, taking into account organizational approvals.
“The finding of the appropriate house for this work was a declared priority for the new council from the first day, and this deal represents an important milestone,” said Quinin Kofi, Chairman of the Massimo Board of Directors. Massimo, you may remember, is the global medical technology company that launched a A lawsuit for violating American patents against Apple Above the pulse oxidation technique used in the Apple Watch watch.
in A press release, as Samsung says It “plans to unify the first global position in the consumer sound market” by combining Harman and Massimo companies. Part of this plan also includes the Bowers & Wilkins, Denon and MARANTZ audio application to the Samsung collection of smartphones, wireless ear headphones, headphones, TVs and sound tapes, as well as expanding its vocal wallet with brands such as Bowers & Wilkins.
“Harman is proud to have grown to become a global -level voice company with 75 years of history, and we expect to gain the acquisition of another luxury sound brand, B & W, Harman as a real audio power,” said Dave Rogers, head of the Harman Business Unit in Harman.
