News Feed Item
HARMAN Completes Acquisition of AMX
|By Business Wire
|June 13, 2014 04:05 PM EDT
HARMAN International Industries, Incorporated (NYSE:HAR), the premier
infotainment and audio group, today announced the successful completion
of its acquisition of AMX LLC, from The Duchossois Group, Inc. for $365
million. Richardson, Texas-based AMX is the leading provider of
enterprise control and automation systems as well as audio/video
switching and distributing solutions and will be integrated into
HARMAN’s professional offerings servicing audio, video and IT
"The addition of AMX to our family of brands is consistent with HARMAN’s
strategy to diversify our portfolio, including technologies that further
the integration and automation of audio, video, and lighting products
into comprehensive system solutions,” said Dinesh C. Paliwal, Chairman,
President and CEO of HARMAN. “Today’s acquisition will extend HARMAN’s
service of the enterprise where our strength in audio, lighting and
control will serve as a platform for integration, innovation and growth.”
Founded in 1982 AMX’s hardware and proprietary software solutions
simplify the way people interact with technology and are implemented
worldwide throughout a variety of enterprises and venues such as
conference rooms, hotels, classrooms, network operation / command
centers, entertainment venues and broadcast facilities. AMX employs more
than 600 people across its operations in 19 locations worldwide.
“From the addition of Martin lighting and Duran Audio in 2013 to the
completion of the AMX acquisition today, HARMAN Professional is
aggressively pursuing opportunities to provide customers and partners
with systems solutions that advance the integration and application of
AV technology in the enterprise,” said Blake Augsburger, President,
HARMAN Professional division. “The completion of this acquisition
expands HARMAN’s preeminent role on stage and in the studio to the
enterprise as a leading supplier of turnkey AV solutions “
AMX products and operations will be integrated into HARMAN’s
Professional division, the professional audio and lighting unit of
HARMAN, featuring legendary brands like AKG®,
and Martin® lighting. As with other product brands in the HARMAN
Professional portfolio, it will be referred to as AMX by HARMAN.
HARMAN’s Professional division designs, manufactures and markets leading
professional audio and lighting products for recording and broadcast,
musicians, cinema, touring sound, commercial applications like airports,
stadiums, hotels and concert halls. HARMAN systems are installed in
world-renowned entertainment and hospitality complexes, transportation
centers, and cultural and academic institutions around the globe.
HARMAN (NYSE:HAR) designs and manufactures infotainment and audio
solutions for the automotive market as well as a wide range of audio
products and systems for consumers. Additionally, the Company’s suite
of audio, visual and automation solutions serve the needs of
professional entertainers, performance venues and enterprise customers
around the world. Backed by a portfolio of 15 leading audio brands
including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon® and Mark
Levinson®, HARMAN is admired by audiophiles across multiple generations,
and more than 25 million automobiles on the road today are equipped with
HARMAN audio and infotainment systems. HARMAN has a workforce of 15,200
people across the Americas, Europe, and Asia and reported sales of $5.1
billion for the last twelve months ended March 31, 2014. Learn more at www.harman.com.
Forward Looking Statements
Statements in this release that are not strictly historical, including
statements regarding the acquisition and any other statements regarding
events or developments that HARMAN believes or anticipates will or may
occur in the future, may be “forward-looking” statements within the
meaning of the federal securities laws. There are a number of important
factors that could cause actual events to differ materially from those
suggested or indicated by such forward-looking statements and investors
should not place undue reliance on any such forward-looking statements.
These factors include, among other things: general economic conditions
and conditions affecting the industry in which AMX operates; HARMAN’s
ability to successfully integrate AMX’s operations and employees with
HARMAN’s existing business; and the ability to realize anticipated
growth, synergies and cost savings. Additional information regarding the
factors that may cause actual results to differ materially from these
forward-looking statements is available in HARMAN’s SEC filings,
including the Company’s most recent Annual Report on Form 10-K. These
forward-looking statements speak only as of the date of this release and
the Company does not assume any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events and developments or otherwise, except as required by law.
© 2014 HARMAN International Industries, Incorporated. All rights
reserved. Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson are
trademarks of HARMAN International Industries, Incorporated, registered
in the United States and/or other countries. AKG is a trademark of AKG
Acoustics GmbH, registered in the United States and/or other countries.
Features, specifications and appearance are subject to change without
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes.
In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Aug. 28, 2016 06:30 PM EDT Reads: 1,593
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 28, 2016 06:00 PM EDT Reads: 1,908
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Aug. 28, 2016 05:30 PM EDT Reads: 700
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open.
Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Aug. 28, 2016 03:15 PM EDT Reads: 3,481
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better.
The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 28, 2016 03:00 PM EDT Reads: 730
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago.
All major researchers estimate there will be tens of billions devices - comp...
Aug. 28, 2016 01:45 PM EDT Reads: 3,646
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 28, 2016 01:00 PM EDT Reads: 2,412
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 28, 2016 12:15 PM EDT Reads: 837
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data.
In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Aug. 28, 2016 11:45 AM EDT Reads: 673
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value.
In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 28, 2016 11:30 AM EDT Reads: 1,949
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 28, 2016 11:00 AM EDT Reads: 3,119
There is growing need for data-driven applications and the need for digital platforms to build these apps.
In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications.
In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Aug. 28, 2016 11:00 AM EDT Reads: 685
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Aug. 28, 2016 10:45 AM EDT Reads: 847
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing.
In his session at 19th Cloud Expo, Raghav...
Aug. 28, 2016 10:30 AM EDT Reads: 883
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location.
With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 28, 2016 10:30 AM EDT Reads: 4,021