Samsung unveils connected car dream with Harman buy
Harman International Industries CEO Dinesh Paliwal, center, Samsung Electronics President and Chief Strategy Officer Sohn Young-kwon, left, and Vice President Park Jong-hwan at a press conference speaking about the synergies between the two companies (Photo by Kim Jaewon)
SEOUL -- Samsung Electronics unveiled on Monday its dream to be the world leader in connected vehicles solutions, by combining its advanced information technology with Harman International Industries' expertise in the smart car business.
The South Korean technology giant surprised the market last week by announcing it would acquire U.S.-based Harman for $8 billion. The largest acquisition in the country heralded Samsung's transition from the IT and mobile businesses to the connected cars and autonomous driving market.
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