Overview

• The acquisition, first announced in May, is now complete according to company statements reported Tuesday and Wednesday in local time zones.
• The deal adds premium brands including Bowers & Wilkins, Denon, Marantz, Polk Audio, Definitive Technology, HEOS, Classé and Boston Acoustics.
• Harman, a wholly owned subsidiary of Samsung Electronics, said the move broadens its reach across home audio, amplifiers, headphones and car audio.
• Company materials describe the price as about US$350 million, a figure reported by multiple outlets covering the closing.
• Harman executives framed the purchase as a growth play for its consumer audio leadership, with industry forecasts citing market expansion to roughly US$70 billion by 2029.