Harman International, a master successful automotive exertion and audio systems and a wholly owned subsidiary of Samsung Electronics, has entered into a definitive statement to get nan Advanced Driver Assistance Systems (ADAS) business of ZF Group for €1.5 cardinal (US$1.77 bn). ZF’s ADAS technologies see automotive compute solutions, smart cameras, radars, and ADAS package functions.
The acquisition will alteration ZF’s ADAS capabilities to beryllium integrated pinch Harman’s Digital Cockpit technologies wrong a centralised compute design, advancing Harman’s roadmap for next-generation conveyance architectures.
According to Harman this integration will create a instauration for early cardinal compute solutions that present assisted and automated driving solutions, information and personification experiences connected a shared platform. This attack is intended to streamline strategy design, trim integration complexity, and support much businesslike invention cycles.
Harman will connection nan systems to OEMs looking to create differentiated, context-aware conveyance experiences.
“The manufacture is astatine an inflection constituent wherever safety, intelligence and in-cabin acquisition must travel together done a unified computing architecture,” said Christian Sobottka, CEO and president of Harman’s automotive division.
“With this agreement, we return a strategical measurement to grow our portfolio pinch complementary ADAS capabilities that unlock a caller people of cross-domain experiences ranging from perception-informed audio cues to much personalised, situation-aware driving. Combined pinch Harman’s long-standing automotive expertise and supported by Samsung’s broader exertion leadership, this positions america to thief OEMs creation nan adjacent procreation of intelligent, empathetic and connected vehicles.”
A caller section for Harman
“With Harman, we person recovered nan perfect partner to afloat unlock nan maturation and invention imaginable of our ADAS business,” said Mathias Miedreich, CEO of ZF Group. “At nan aforesaid time, this woody makes an important publication to reducing our company’s indebtedness and allows america to attraction our resources connected nan halfway technologies successful which ZF is simply a world leader.”
The acquisition is besides important for Samsung Electronics, Harman’s genitor company.
“Samsung has a successful grounds of strategical acquisitions that accelerate invention and grow what’s imaginable for our customers,” said Young Sohn, president of Harman’s committee of directors, and elder advisor astatine Samsung Electronics.
“Since acquiring Harman successful 2017, nan institution has scaled its automotive and audio business from US$7 cardinal to much than $11 cardinal today. Adding ZF’s ADAS capabilities builds connected that momentum. Harman will further grow its exertion instauration to present safer, much intelligent and much intuitive in-vehicle experiences. This acquisition reinforces Harman’s activity successful nan industry’s translator and underscores Samsung’s semipermanent committedness to nan early of mobility.”
As portion of nan agreement, astir 3,750 ZF labor crossed Europe, nan Americas and Asia are expected to modulation to Harman upon closing of nan transaction. The transaction is expected to adjacent successful nan 2nd half of 2026, taxable to regulatory approvals.
2 months ago
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