United States

Profile: Harman International Industries Inc (HAR)

HAR on New York Consolidated

19 Jan 2017
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Harman International Industries, Incorporated, incorporated on January 31, 1980, is engaged in the designing and engineering of connected products and solutions for automakers, consumers and enterprises, including connected car systems, audio and visual products, enterprise automation solutions and connected services. The Company's segments include Connected Car, Lifestyle Audio, Professional Solutions, Connected Services and Other. The Company's brands include AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft and Studer. The Company's software solutions power mobile devices and systems that are designed to be connected, integrated, personalized and adaptive across all platforms, from work and home, to car and mobile.

Connected Car

The Connected Car segment designs, manufactures and markets connected car systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers. Its connected car platforms deliver enhanced and connected capabilities to the car, including intelligent high-performance navigation with embedded solutions for multimedia, premium entertainment tuners, and on-board and off-board connectivity that addresses a range of vehicle categories. It offers an integrated suite of technologies that extends beyond infotainment to encompass telematics, connected safety, and over-the-air update capabilities. It also offers a suite of automotive cyber security solutions through a multi-layer architecture.

The Company competes with Alpine, Bosch, Panasonic, Continental, Visteon, Mitsubishi Electronics, Aisin Seiki, Delphi and Denso.

Lifestyle Audio

The Lifestyle Audio segment designs, manufactures and markets car audio systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers, as well as a range of consumer audio products, including mid to high-end loudspeaker and electronics, headphones, embedded audio products for consumer electronics and branded portable wireless speakers. Its car audio products feature technologies, such as Clari-Fi, HALOsonic and Quantum Logic Surround. Its consumer audio products are sold in mass-market retail stores, such as Apple, Best Buy, Target, Media Markt and Fnac; specialty audio stores; Harman stores; through online retailers, such as Amazon.com, and directly online at Harmanaudio.com.

The Company competes with Bose, Pioneer, ASK, Foster Electric, Sony, Lear, Panasonic, Beats, Philips, Samsung, Sonos, Creative Labs, Altec Lansing, Logitech, Klipsch and Cyber Acoustics.

Professional Solutions

The Professional Solutions segment designs, manufactures and markets a range of audio, lighting, video and control, and automation solutions for entertainment and enterprise applications, including live concerts and festivals, stadiums, airports, hotels and resorts, conference centers, educational institutions, command centers and houses of worship. The Company offers a range of products, including loudspeakers, amplifiers, digital signal processors, microphones, headphones, mixing consoles, guitar pedals, lighting, video and control, and enterprise automation solutions. Its Professional Solutions audio products are used at various events in a range of venues, such as the GRAMMY Awards, the Emmy Awards, the Super Bowl, the Oscars, the MTV Video Music Awards, the Country Music Awards and Yankee Stadium.

The Company competes with Electro Voice, QSC, Meyer Sound Laboratories, Sennheiser, Peavey, Shure, Audio Technica, Yamaha, Loud Technologies, Inc., Lawo, DigiDesign/M-Audio, Sony, Siemens, Tannoy, Clay Paky, Robe Lighting, Stagetec, Telex, Extron and Crestron.

Connected Services

The Connected Services segment includes the operating results of Symphony Teleca Corporation (STC), Red Bend Ltd. (Redbend) and its automotive services businesses. The Connected Services segment creates software solutions that integrate design, mobility, cloud and analytics, and bring the benefits of the connected world to the automotive, retail, mobile, healthcare, media and consumer electronics markets. The Connected Services segment offers services and solutions in order to help customers understand and visualize their data so they can make informed decisions, cloud-enable their businesses, support technical agility and exploit omni-channel strategies.

The Company competes with Tata Consultancy Services Limited, Cognizant Technology Solutions, the Aricent Group and WiPro Limited.

Company Address

Harman International Industries Inc

400 Atlantic St Ste 1500
STAMFORD   CT   06901-3512
P: +1203.3283500
F: +1302.6555049

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