|[February 28, 2013]
HARMAN Completes Acquisition of Entertainment Lighting Company Martin Professional
STAMFORD, Conn. --(Business Wire)--
Continuing its strategy of delivering exceptional professional audio and
entertainment products to markets worldwide, HARMAN, announced today it
has completed its acquisition of Martin Professional A/S of Denmark.
Martin is a world leading provider of lighting solutions for the
entertainment, architectural, and commercial sectors, and its
acquisition advances HARMAN's capacity to serve customers in a wide
variety of applications and geographic markets with the most advanced,
highly integrated AV and lighting systems.
Blake Augsburger, HARMAN Executive Vice President and President HARMAN
Professional Division, said, "As we move forward together and institute
Martin Professional as a business unit within HARMAN Professional, our
customers from both the lighting and AV disciplines will soon be able to
capitalize on joint innovations, efficiencies and access to our systems
portfolios. In doing so, I am confident we'll also drive growth into
emerging markets and vertical markets where digital technologies are
increasingly central to the commercial enterprise - specifically
transportation, hospitality, retail, communications ad education."
As a world leader in dynamic lighting solutions, Martin lighting systems
are renowned the world over. Most recently, the outdoor Martin LED
lighting system was showcased during Super Bowl XLVII at the Mercedes
Benz Superdome in New Orleans. Martin luminaires have also recently been
used for live performances by rock acts such as the Rolling Stones, Paul
McCartney and Coldplay as well as for the latest Broadway and West End
musicals. Martin is in the process of launching new products across all
of its product lines including new models in the award-winning MAC Viper
family, as well as new creative LED video products, innovative lighting
control solutions, new atmospheric smoke solutions and more.
designs, manufactures and markets a wide range of audio and infotainment
solutions for the automotive, consumer and professional markets -
supported by 15 leading brands, including AKG, Harman Kardon, Infinity,
JBL, Lexicon and Mark Levinson. The Company is admired by audiophiles
across multiple generations and supports leading professional
entertainers and the venues where they perform. More than 25 million
automobiles on the road today are equipped with HARMAN audio and
infotainment systems. HARMAN has a workforce of about 13,900 people
across the Americas, Europe and Asia, and reported net sales of $4.4
billion for the year ended June 30, 2012. The Company's shares are
traded on the New York Stock Exchange under the symbol NYSE:HAR.
© 2013 HARMAN International Industries, Incorporated. All rights
reserved. Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson are
trademarks of HARMAN International Industries, Incorporated, registered
in the United States and/or other countries. AKG is a trademark of AKG
Acoustics GmbH, registered in the United States and/or other countries.
Features, specifications and appearance are subject to change without
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