Harman strengthens growing portfolio with AMX - PSNEurope

Harman strengthens growing portfolio with AMX

The audio/technology giant spends US$365m to bring video company AMX into the fold.
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Global audio and “infotainment” giant Harman, the parent company of JBL, Soundcraft and AKG, is to acquire AV technology company AMX for US$356 million.

AMX is a leading manufacturer of enterprise control and automation systems and audio and video switching and distributing solutions. The news follows the aggressive acquisitions by Harman of loudspeaker manufacturer Duran Audio (in October 2013) and lighting business Martin Professional (in December 2012).

“Starting with the acquisition of Martin lighting last year, Harman has set forth a clear strategy to add visual solutions to our legacy of audio offerings,” says Blake Augsburger, president of Harman’s professional division. “AMX's strong portfolio of video distribution hardware and software is a significant step into the video domain, reinforcing Harman's commitment to expand our professional portfolio with industry-leading technologies and brands in adjacent and complementary markets.”

The Soundcraft Si Performer, launched in 2012, was the first audio console to feature DMX lighting control functionality, and pointed to Harman’s intention to expand into other entertainment sectors.

www.amx.com
www.harman.com

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