Samsung Electronics will purchase the superior driver help techniques (ADAS) enterprise of ZF Friedrichshafen, the world’s second-largest automotive components firm, for about 1.5 billion euros (roughly 2.6 trillion gained) by way of its subsidiary Harman. Harman, the world’s No. 1 provider of automotive digital cockpits, will lead software-defined car (SDV) know-how, which would be the core of future mobility, by way of this acquisition.
Samsung Electronics introduced on Dec. 23 (native time) that Harman signed a contract with Germany’s ZF to accumulate the ADAS enterprise. Harman plans to finish the acquisition of the ADAS enterprise by subsequent yr and end the mixing.
Via this acquisition, Harman plans to enter the automotive entrance digicam and superior autonomous driving help enterprise in earnest to maximise synergy with Samsung Electronics. Sooner or later, automobiles outfitted with Harman’s digital cockpit and autonomous driving options will likely be related to Samsung’s Galaxy smartphones and residential home equipment to determine a “House-to-Automobile, Automobile-to-House” ecosystem.
Christian Sobottka, chief government officer (CEO) of Harman, stated, “We are going to actively help automakers’ transition to SDV by combining automotive experience with Samsung’s info know-how (IT) management.”
Samsung Electronics, which beforehand acquired German heating, air flow, and air con (HVAC) firm FläktGroup for 1.5 billion euros in Could, has been accelerating its future enterprise growth by establishing a Enterprise Assist Division final month and finishing its first trillion-unit merger and acquisition (M&A).
