News-Spot | Business News | Dec 19, 2012

Audio Giant HARMAN International Industries, Inc. Acquires Martin Professional A/S

We are pleased to inform you that Schouw & Co., parent company of Martin Professional, has entered into an agreement with the global infotainment and audio company HARMAN International Industries to sell Martin to HARMAN. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in Q1 2013.

Through this new combination of two worldwide industry leaders, HARMAN and Martin are convinced that their comprehensive offering of audio, lighting and video solutions for the live stage and events, as well as permanent venues and installations, will provide new, exciting opportunities and will take customer satisfaction to even higher levels.

This transaction will create a One-Stop-Shop for the professional entertainment market. Adding Martin to HARMAN’s USD $4.4 billion organization and combining two of the largest R&D budgets in the audio and entertainment lighting industry will enable the companies to grow and improve the lighting and video product offering to the benefit of all existing and new customers.

The companies are confident that not only will they cement their respective positions in their industries, but will additionally and not least make their customers more successful by providing new, innovative and improved products, services and solutions in the future.

Blake Augsburger, Executive Vice President and President of the HARMAN Professional Division, is looking forward to welcoming Martin to HARMAN and states: “Martin product lines are an excellent complement to our professional audio business. After the transaction closes, we will be able to offer a full line-up of audio, lighting and video solutions for the live stage as well as permanent venues and installations.”

Christian Engsted, CEO of Martin Professional commented: “We very much look forward to exploring the mutual benefits this change in ownership offers and continuing to develop our business relationship with our customers and partners across the globe.”

Martin Professional will continue as an independent business unit within the HARMAN Professional Division, with the existing points of contact.

For more information please refer to the official press release from Harman on www.harman.com

FEATURED

Provide UVC Disinfection Total Solution for You - Edison Opto

Provide UVC Disinfection Total Solution for You - Edison Opto In recent years, due to the global outbreak of COVID-19, the people's demand for anti-epidemic and sterilization of anti-virus products has risen, ranging from portable sterilization equipment, home appliances sterilization, and public health sterilization. With the rise of environmental awareness ... Read more »

EDITORIAL

Zhaga and the DALI Alliance Add Sensors and Controllers to Zhaga-D4i Certification

Zhaga and the DALI Alliance Add Sensors and Controllers to Zhaga-D4i Certification The joint Zhaga-D4i certification program from the DALI Alliance and the Zhaga Consortium has already qualified a number of Zhaga-D4i Book 18 outdoor luminaires with Zhaga receptacles and D4i components. Now, certified D4i control devices with Zhaga connectors can also be submitted for Zhaga-D4i ... Read more »