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Harman International Industries announced today it has signed an agreement with The Duchossois Group, Inc. and its affiliates to acquire AMX LLC for $365 million.
May 21, 2014 | by CI Staff
AMX is a leading provider of enterprise control and automation systems and audio and video switching and distribution solutions.
“Harman is the leader in smart connectivity. Our vision is to extend our reach beyond the car into the enterprise, where we already have a substantial audio presence,” says Dinesh C. Paliwal, Chairman, President and CEO of Harman. “AMX is the global technology leader in enterprise control and automation 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 to our customers globally.”
AMX is headquartered in Richardson, Texas and has more than 600 employees worldwide. The company’s control and automation systems and switching and distribution solutions are used in a variety of markets and venues including corporate enterprise, hospitality, education, network operation and command centers, entertainment venues and broadcast facilities.
“Harman is a world-class company, and this transaction will provide additional opportunities to grow the AMX business,” says Robert L. Fealy, President and Chief Operating Officer, the Duchossois Group, and Chairman of AMX. “The sale to Harman fulfills 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, a professional audio and lighting business, featuring brands like AKG Acoustics, BSS Audio, Crown Amplifiers, dbx, JBL Professional, Soundcraft, Studer and Martin Lighting.
http://www.commercialintegrator.com/article/harman_makes_365m_push_into_automation_with_amx_acquisition
