$510 Billion Samsung Electronics Subsidiary HARMAN International to Buy Germany ZF Group Advanced Driver Assistance Systems (ADAS) Business for $1.7 Billion (€1.5 Billion)
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$510 Billion Samsung Electronics Subsidiary HARMAN International to Buy Germany ZF Group Advanced Driver Assistance Systems (ADAS) Business for $1.7 Billion (€1.5 Billion)
24th December | Hong Kong
Samsung Electronics ($510 billion market value) subsidiary HARMAN International has announced to buy Germany ZF GroupAdvanced Driver Assistance Systems (ADAS) business for $1.7 billion (€1.5 billion). HARMAN –HARMAN is a global leader in Lifestyle Audio and Automotive technology. We create intelligent experiences that enrich people’s lives on the road, in their homes, on the stage and everywhere in between. Our iconic audio brands — including JBL®, Harman Kardon®, AKG®, Bowers & Wilkins®, Denon® and Marantz® — bring premium sound to consumers and audio/visual professionals worldwide. More than 50 million vehicles globally rely on HARMAN’s technologies to deliver safer, smarter and more intuitive in-cabin experiences. A wholly owned subsidiary of Samsung Electronics, HARMAN has approximately 26,000 employees around the world. ZF –ZF is a global technology company supplying advanced mobility products and systems for passenger cars, commercial vehicles and industrial technology. Its comprehensive product range is primarily aimed at vehicle manufacturers, mobility providers and start-up companies in the fields of transportation and mobility. ZF electrifies a wide range of vehicle types. With its products, the company contributes to reducing emissions, protecting the climate as well as enhancing safe mobility. Alongside the automotive sector — passenger cars and commercial vehicles — ZF also serves market segments such as construction and agricultural machinery, wind power, marine propulsion, rail drives and test systems. With some 161,600 employees worldwide, ZF reported sales of €41.4 billion in fiscal 2024. The company operates 161 production locations in 30 countries.
“ $510 Billion Samsung Electronics Subsidiary HARMAN International to Buy Germany ZF Group Advanced Driver Assistance Systems (ADAS) Business for $1.7 Billion (€1.5 Billion) “
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$510 Billion Samsung Electronics Subsidiary HARMAN International to Buy Germany ZF Group Advanced Driver Assistance Systems (ADAS) Business for $1.7 Billion (€1.5 Billion)
Samsung Electronics
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