Harman Closes B&O Deal
Harman International announced that it has closed the deal on its purchase of Bang & Olufsen’s Automotive car audio business. The deal was announced earlier this year.
As a result, the Bang & Olufsen and B&O PLAY brands will join Harman’s auto portfolio.
The additions of Bang & Olufsen and B&O PLAY as distinctive and renowned brands will complement our existing premium branded offerings and strengthen HARMAN’s position as a leader in this segment,” Dinesh C. Paliwal, HARMAN Chairman, President and CEO, said in a statement.