Technology industry have entered the field of electric vehicles and automatic driving, as a catch-up action, Samsung Electronics announced that it will spend 8 billion US dollars, the acquisition of US auto parts manufacturer Harman International (Harman International), recently Haman shareholders meeting officially Through the Samsung acquisition plan.
According to a number of foreign media reports, this week, Samsung Group, the de facto leader Li Zongrong arrested in South Korea, and was charged with bribes and other charges. The outside world has been worried that this change will lead to Samsung Electronics acquisition of Harman company was postponed. icm-20689
However, Harman International’s shareholders meeting as scheduled, the General Assembly to 22: 1 voter turnout, formally adopted the Samsung Electronics acquisition plan.
It is reported that if Samsung’s successful acquisition of Harman, it will be the largest company in Korea so far overseas mergers and acquisitions.
After the approval of the shareholders of Hammam, the acquisition also need to be approved by the regulatory authorities of the United States, China, Korea and the European Union. It is estimated that if all goes well, the deal will be completed in the third quarter of 2017.
After the announcement of the Samsung acquisition plan, Harman International’s shareholders for the company’s management initiated a class action, that management did not help the company to find a better offer. However, Harman submitted to the US Securities and Exchange Commission documents show that Samsung’s acquisition will not be affected by this class action. 160208-1
In recent years, the technology industry and the automotive industry there has been a convergence trend. In the Google (microblogging) under the demonstration effect, automatic driving car in the global rise, many technology companies and traditional car manufacturers have developed automatic driving technology, and many other car companies have begun to follow Tesla, mass production of electric vehicles The In addition, the automotive and mobile Internet, mobile devices began to deep integration, there has been a “smart car” new concept.
Samsung Electronics in the field of cars before the emergence of a slow phenomenon, and the acquisition of Harman International, Samsung will narrow the gap between competitors and in the automotive electronics, Samsung will also get more room for development.
In the 1990s, Samsung Electronics entered the automotive industry, registered the “Samsung Motor” company, Samsung chose Nissan as a development partner, but Samsung’s expansion in the automotive sector is not smooth, in 1998, the Asian financial crisis, Business transfer to the French Renault Motor Company, the basic withdrawal from the automotive market.
It is worth mentioning that the history of Samsung Electronics tend to self-development, few cases of overseas mergers and acquisitions, also occurred in the acquisition of the lessons of failure, whether this can be successfully integrated in a “strange industry” Harman International, remains to be Observed.
