STAMFORD, CT – Harman International Industries, Incorporated (HARMAN; NYSE:HAR), the global premium audio and infotainment group, announced today the acquisition of MWM Acoustics, a leading provider of high performance, embedded acoustic solutions. Founded in 1997 by former Bell Labs engineers, MWM is an expert in the design and deployment of small-scale acoustic components and systems for voice communication.
“We welcome the world-class innovations and talented employees of MWM to the HARMAN organization,” said Dinesh C. Paliwal, Chairman, President and CEO. “HARMAN already serves customers such as Toshiba, Dell, Lenovo and Avaya with embedded audio technologies, and this acquisition will be an excellent fit to grow both our consumer and automotive businesses and is in line with industry trends towards increased mobility, voice-based interfaces, and excellent audio performance. Our technology philosophies are highly complementary, and we look forward to helping MWM unlock new business potential globally.”
MWM Acoustics designs and manufactures advanced microphones and embedded acoustic solutions and is a leading provider of acoustic technology for audio and video conferencing systems, automotive active noise control systems, enterprise telephony, and Bluetooth™ headset / hands-free acoustic devices and can be found in the leading mobile phone and tablet computing products. The company also serves applications for end-markets including telecom/VOIP, consumer products, automotive and industrial applications. MWM technology can be found in products from world-leading brands such as Cisco, General Motors, Jawbone, Magna and Polycom.
“We are excited to further energize MWM’s offerings with the HARMAN brand and technology expertise,” said Chris Welsh, General Manager and co-founder of MWM Acoustics. “MWM has developed strong long-term relationships with a blue-chip customer base, and we look forward to enhancing our role as a trusted strategic partner with a host of innovative new products and services.”
MWM Acoustics is based in Indianapolis, Indiana, with additional operations in China.
HARMAN (www.harman.com) 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 20 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of about 12,000 people across the Americas, Europe and Asia, and reported sales of $3.6 billion for the last twelve months ended March 31, 2011. The Company’s shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.