Samsung strengthens its position in automotive technology: Harman buys ZF’s ADAS division for 1.5 billion euros
By ForGeeks
Samsung has announced that its audio and automotive technology subsidiary Harman International is acquiring the Advanced Driver Assistance Systems (ADAS) division from the world-renowned automotive conglomerate ZF. This is a major and landmark deal that gives Samsung a strong foothold in the advanced connected car market.
Harman International is buying ZF’s ADAS business at a valuation of 1.5 billion euros (about $1.76 billion). The division develops driver assistance systems, computing platforms, radar systems and smart cameras for cars. These technologies will enable Harman to accelerate the development of software-defined vehicle (SDV) solutions, which automakers are increasingly incorporating into new models.
ZF’s ADAS developments will be integrated into Harman’s Digital Cockpit platform. It offers a centralized computing architecture for next-generation vehicles and supports driver assistance and automated driving functions. By working together, Harman and ZF will simplify system architecture, reduce integration complexity and increase the efficiency and speed of bringing connected car solutions to market.
Harman and ZF will work together to simplify system architecture, reduce integration complexity and increase the efficiency and speed of bringing connected car solutions to market.
ZF Group CEO Matthias Midreich said Harman was the ideal partner to unlock the growth and innovation potential of ZF’s ADAS business. He said the deal will also help reduce the company’s debt load and allow it to focus resources on key technologies in which ZF is a global market leader.
Harman is the perfect partner to unlock the growth potential of ZF’s ADAS business.
Harman International, one of the best-known audio and automotive technology companies, was acquired by Samsung Electronics for about $8 billion. Since then, its revenue has grown from $7 billion to more than $11 billion. The integration of ZF’s technology should further accelerate Harman’s business growth and help create smarter, safer cars.
