It’s a sign of the times: Harman International has entered a definitive agreement to acquire Masimo’s consumer audio division by the end of the year. The agreed $350m cash sale will see the Samsung Electronics-owned company take in legendary hi-fi brands Bowers & Wilkins, Denon and Marantz, as well as Polk Audio, Definitive Technology, Classé, HEOS and Boston Acoustics, massively expanding its significant AV catalogue, which already includes brands such as Arcam, AKG, JBL, Mark Levinson and Revel.
Samsung says it plans to add Masimo’s brands to strengthen its global leading position in the consumer audio market, which is expected to grow from $60.8bn this year to $70bn by 2029. “This acquisition represents a strategic step forward in the expansion of Harman’s core audio business and footprint across key product…