HARMAN TO ACQUIRE ZF’S ADAS BUSINESS

STAMFORD, Conn., Dec 24 (Bernama) -- HARMAN International, a global leader in automotive technology and lifestyle audio, and a wholly-owned subsidiary of Samsung Electronics Co., Ltd., today announced that it has entered into a definitive agreement to acquire the Advanced Driver Assistance Systems (ADAS) business of ZF Group, comprising leading automotive compute solutions, smart cameras, radars and ADAS software functions. The transaction is valued at €1.5 billion.

A Strategic Step toward an Integrated, Centralized Vehicle Architecture

HARMAN’s “Consumer Experiences. Automotive Grade.” strategy focuses on bringing the speed, intelligence, and intuitive experiences consumers expect from leading technology brands into vehicles, while also meeting the highest standards for automotive safety, reliability, and long-term platform support. As automakers accelerate toward software-defined vehicles (SDV), this approach enables experiences that seamlessly connect safety and assisted driving functions with comfort, connectivity, and in-vehicle intelligence. With this acquisition, HARMAN has secured strategic inroads in the ADAS and central compute platforms markets, reinforcing a foundation that anchors and advances its role in the fast-growing SDV market.