Back in March Samsung completed its acquisition of Harman and now Harman has made its first acquisition unders Samsung’s ownership, it is buying UK audio manufacturer Arcam.
Arcam is a high end manufacturer of HiFi components, the company was founded in the UK in 1976 and it is based in Cambridge in the UK.
“With a strong audio heritage, we relentlessly pursue innovations that will enable us to deliver the best solutions for our customers and consumers,” said Christopher M. Dragon, Harman senior director of marketing, lifestyle. “We have found in Arcam a like-minded passion for bringing the highest quality sound into people’s lives. With impressive technologies and outstanding talent, Arcam will be an exceptional addition to Haman’s luxury audio team. As demand for higher quality audio rapidly accelerates, we are eager to seize the many opportunities in front of us.”
“We are proud of what we have accomplished with Arcam over the last 10 years, expanding the company from its U.K. roots to become a globally-recognized hi-fi brand,” said Martin Szpiro, president and CEO of Jam Industries. “Now with Harman, a world leader in professional, lifestyle, and automotive audio and sound management, Arcam will join the best in the business to grow its engineering capabilities and extend its product reach into new markets.”
As yet there are no details on how much the acquisition of Arcam by Harman is worth, as soon as we get some more information, we will let you guys know.
Source Sound & Vision