Harman acquires AMX, thus strengthening its portfolio in switching, automation and control

Harman closes an agreement with The Duchossois Group and its subsidiaries to acquire AMX for 365 million dollars (267 and a half million euros).

Harman International Industries has signed an agreement with The Duchossois Group and its subsidiaries to acquire AMX for 365 million dollars (267 and a half million euros). The purchase transaction of this manufacturer and supplier of audio and video automation, control, switching and distribution systems is subject to closing conditions, including applicable regulatory approvals.

Dinesh C. Paliwal, president and CEO of Harman, highlighted that his company is "a leader in intelligent connectivity. Our vision is to expand our reach beyond the car, into the enterprise sector, where we already have a substantial audio presence. AMX is the world leader in enterprise automation and control technology, as well as audio and video switching and distribution. With the addition of AMX, HARMAN will be uniquely positioned to provide complete audio, video, lighting and automation solutions for our customers. worldwide.”

Founded in 1982 and headquartered in Richardson, Texas, AMX's proprietary hardware and software solutions simplify the way people interact with technology, and are present around the world in a wide variety of businesses and locations, such as conference rooms, hotels, classrooms, command centers, entertainment venues and broadcast centers. AMX employs more than 600 people in 19 locations around the world.

Blake Augsburger, president of the Harman Professional division, emphasized that "following the acquisition of Martin lighting last year, Harman has established a clear strategy to add visual solutions to our audio portfolio. AMX's strong portfolio of video distribution hardware and software is a significant step into the video domain, reinforcing Harman's commitment to expanding our professional portfolio with the industry's leading technologies and brands in adjacent and complementary markets."

Robert L. Fealy, president and chief operating officer of the Duchossois Group, and president of AMX, has been convinced that "this transaction will provide additional opportunities to grow AMX's business. The sale to Harman meets one of our fundamental objectives, which was to position this business with a leading entity that will take AMX to an even higher level of performance and success."

AMX will be integrated into Harman's professional division, along with leading brands such as AKG Acoustics, BSS Audio, Crown amplifiers, DBX, JBL Professional, Lexicon, Soundcraft, Studer and Martin lighting.