Harman Signs Agreement to Acquire Martin Professional

HARMAN, the global premium audio and infotainment group, has reached an agreement to acquire Martin Professional A/S of Denmark, a provider of lighting solutions for the entertainment, architectural, and commercial sectors, for EUR 110 million. The deal is subject to regulatory approvals and customary closing conditions, and is expected to close early in 2013.

“We are excited at the prospect of a strong integrated solution incorporating Martin Professional’s products with HARMAN’s professional audio brands and technologies,” said Martin President Christian Engsted. “Our intelligent lighting solutions for touring, events, theatre and installations are a natural and perfect complement to Harman’s pro audio business. Our customers expect increasingly advanced and integrated solutions and HARMAN’s rich portfolio of technologies will enable us to drive new business opportunities.”

For more details, visit www.harman.com.

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