Harman International

Harman International is a leading global audio and infotainment systems company, founded by Sidney Harman and Bernard Kardon in 1980, with its headquarters in Stamford, Connecticut, United States. The company has a rich history of innovation, with notable collaborations with Bose Corporation, Sennheiser, and JBL. Harman International has been a subsidiary of Samsung Electronics since 2017, with Dinesh Paliwal and Young Sohn playing key roles in shaping the company's strategy. The company's products and services have been used by renowned brands such as Mercedes-Benz, BMW, and Audi.

● History

The history of Harman International dates back to 1980, when Sidney Harman and Bernard Kardon founded the company, with the goal of creating high-quality audio equipment. The company's early success was fueled by its innovative products, such as the JBL loudspeakers, which were used by famous musicians like Elvis Presley and The Beatles. In the 1990s, Harman International expanded its product line to include AKG microphones and Crown Audio amplifiers, which were used by notable events like the Grammy Awards and the Olympic Games. The company's growth was also driven by its partnerships with leading automotive manufacturers, including General Motors, Ford Motor Company, and Toyota Motor Corporation.

● Products and Services

Harman International offers a wide range of products and services, including audio and infotainment systems, JBL loudspeakers, AKG microphones, and Crown Audio amplifiers. The company's products are used by leading brands such as Mercedes-Benz, BMW, and Audi, as well as by famous musicians like Kanye West and Lady Gaga. Harman International also provides Connected Car solutions, which enable vehicles to connect to the internet and provide a range of services, including navigation, entertainment, and safety features. The company's products and services have been recognized with numerous awards, including the CES Innovation Award and the iF Design Award.

● Corporate Affairs

Harman International is a subsidiary of Samsung Electronics, with Dinesh Paliwal serving as the company's president and CEO. The company's headquarters are located in Stamford, Connecticut, United States, and it has operations in over 30 countries around the world, including China, Japan, and Germany. Harman International has a strong commitment to corporate social responsibility, with initiatives focused on United Nations sustainable development goals, such as reducing carbon emissions and promoting diversity and inclusion. The company has also partnered with leading organizations, including the World Economic Forum and the Consumer Technology Association.

● Financial Performance

Harman International has consistently delivered strong financial performance, with revenues exceeding $7 billion in 2020. The company's financial success has been driven by its innovative products and services, as well as its strategic partnerships with leading brands such as Apple Inc., Google, and Amazon.com. Harman International has also made significant investments in research and development, with a focus on emerging technologies such as Artificial Intelligence, Internet of Things, and 5G. The company's financial performance has been recognized with numerous awards, including the Fortune 500 and the Forbes Global 2000.

● Acquisitions and Divestitures

Harman International has made several strategic acquisitions and divestitures over the years, including the acquisition of Bang & Olufsen and the divestiture of its Crown Audio division. The company has also partnered with leading technology companies, including Microsoft, IBM, and Cisco Systems, to develop innovative products and services. In 2017, Harman International was acquired by Samsung Electronics for $8 billion, in a deal that marked one of the largest acquisitions in the technology industry. The company has also made significant investments in emerging technologies, including Autonomous Vehicles and Smart Homes.

● Technology and Innovation

Harman International is a leader in technology and innovation, with a focus on emerging technologies such as Artificial Intelligence, Internet of Things, and 5G. The company has developed a range of innovative products and services, including Connected Car solutions, Smart Audio systems, and Voice Assistants. Harman International has also partnered with leading technology companies, including Google, Amazon.com, and Microsoft, to develop new products and services. The company's innovation efforts have been recognized with numerous awards, including the CES Innovation Award and the iF Design Award. Harman International has also collaborated with renowned research institutions, including Massachusetts Institute of Technology and Stanford University, to develop new technologies and solutions.

Category:Audio equipment manufacturers