International. Harman signed an agreement with The Duchossois Group and its affiliates to acquire AMX LLC of the U.S. In the U.S., for an investment of US$365 million. The transaction is subject to closing conditions, including applicable regulatory approvals.
"Harman is the leader in intelligent connectivity. Our vision is to expand our reach beyond the car in the company, where we already have a substantial audio presence. With the addition of AMX, Harman will be in a unique position to provide complete audio, video, lighting and automation solutions for our customers globally," said Dinesh C. Paliwal, President and CEO of Harman.
Founded in 1982 and headquartered in Richardson, Texas, AMX's proprietary hardware and software solutions simplify the way people interact with technology and are applied around the world through a variety of businesses and venues such as conference rooms. hotels, classrooms, operation centers/network commands, entertainment venues and broadcast facilities. AMX employs more than 600 people through its operations in 19 locations around the world.
"Since acquiring Martin lighting last year, Harman has established a clear strategy to add visual solutions to our legacy of audio offerings," said Blake Augsburger, Division President of Harman Professional.
AMX will be integrated into Harman's professional division, with legendary brands such as AKG Acoustics, BSS Audio, Crown Amplifiers, dbx, JBL Professional, Lexicon, Soundcraft, Studer and Martin Lighting.
