HARMAN to acquire Advanced Driver Assistance Systems business of ZF for $1.5bn.

HARMAN, an American audio electronics and connected technologies company, agreed to acquire the Advanced Driver Assistance Systems business of ZF, a German technology manufacturing company that supplies systems for passenger cars, commercial vehicles and industrial technology, for $1.5bn. “Samsung has a successful record of strategic acquisitions that accelerate innovation and expand what’s possible for our customers. Since acquiring HARMAN in 2017, the company has scaled its automotive and audio business from $7 billion to more than $11 billion today. Adding ZF’s ADAS capabilities builds on that momentum. HARMAN will further expand its technology foundation to deliver safer, more intelligent, and more intuitive in-vehicle experiences. This acquisition reinforces HARMAN’s leadership in the industry’s transformation and underscores Samsung’s long term commitment to the future of mobility,” Young Sohn, HARMAN Chairman of the Board of Directors.