Harman acquires AMX to strengthen its professional offering in switching, automation and control
The multinational audio and entertainment company Harman International has signed an agreement with The Duchossois Group and its subsidiaries to acquire AMX LLC for 365 million dollars (267,5 million euros), reinforcing its proposal to the business sector in audio and video distribution, commutation, automation and control.
The purchase operation by Harman International Industries of AMX LLC, after closing the agreement The Duchossois Group and its subsidiaries, It is subject to closing conditions and applicable regulatory approvals..
As the president and CEO of Harman has highlighted, Dinesh C. Paliwal, when explaining this operation, “Our company is a leader in intelligent connectivity and the vision is to expand our reach beyond the car, towards the business sector, where we already have a substantial audio presence. AMX is the world leader in automation and control technology in the enterprise, as well as audio and video switching and distribution. With its incorporation, Harman will be uniquely positioned to provide complete audio solutions, video, lighting and automation for our clients worldwide”.
AMX's proprietary hardware and software solutions, empresa fundada en 1982 based in Richardson (Texas), They simplify the way people interact with technology and are present around the world in a wide variety of companies and places, such as conference rooms, hotels, classes, command centers, leisure venues and broadcast centers. AMX has a staff of six hundred people, distributed in nineteen locations around the world.
Blake Augsburger, president of Harman Professional division, has emphasized that “after the acquisition of Martin Lighting last year, Harman has established a clear strategy to add visual solutions to our audio portfolio. AMX's robust portfolio of video distribution hardware and software is a significant step into the video domain, which reinforces Harman's commitment to expand our professional portfolio with the industry's leading technologies and brands in adjacent and complementary markets”.
For your part, Robert L. Fealy, president and director of operations at the Duchossois Group and president of AMX, assures that “this transaction will provide additional opportunities to grow AMX's business. The sale to Harman meets one of our objectives: position this business with a leading entity that will take us to an even higher level of performance and success”.
According to the terms of the agreement, AMX will be integrated into Harman's professional division, together with reference brands such as AKG Acoustics, BSS Audio, Crown amplifiers, DBX, JBL Professional, Lexicon, Soundcraft, Studer y Martin Lighting.
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