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Harman To Acquire AMX - ProSoundNetwork.com

Harman To Acquire AMX

Harman International will acquire enterprise control and automation systems manufacturer AMX LLC for $365 million from The Duchossois Group, Inc. AMX will be integrated into Harman's Professional division and its acquisition marks the second major purchase in as many years outside of the Harman’s traditional arena of pro audio companies, following the 2013 acquisition of lighting manufacturer Martin.
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Stamford, CT (May 21, 2014)—Harman International will acquire enterprise control and automation systems manufacturer AMX LLC for $365 million from The Duchossois Group, Inc. AMX will be integrated into Harman's Professional division and its acquisition marks the second major purchase in as many years outside of the Harman’s traditional arena of pro audio companies, following the 2013 acquisition of lighting manufacturer Martin.

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Robert L. Fealy, president and COO, the Duchossois Group, and chairman of AMX, characterized the sale in a statement as fulfilling “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.” Founded in 1982 and headquartered in Richardson, TX, AMX's hardware and proprietary software solutions are used for a variety of enterprises and venues such as conference rooms, hotels, classrooms, network operation / command centers, entertainment venues and broadcast facilities. AMX employs more than 600 people across its operations in 19 locations worldwide.

"Starting with the acquisition of Martin lighting last year, Harman has set forth a clear strategy to add visual solutions to our legacy of audio offerings" said Blake Augsburger, president, Harman Professional division. "AMX's strong portfolio of video distribution hardware and software is a significant step into the video domain, reinforcing Harman's commitment to expand our professional portfolio with industry-leading technologies and brands in adjacent and complementary markets."

Dinesh C. Paliwal, chairman, president and CEO of Harman, noted in a statement, "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."

Harman
www.harman.com

AMX
www.amx.com