HARMAN to Acquire ZF’s ADAS Business

STAMFORD, Conn., Dec 24 (Bernama-BUSINESS WIRE) — HARMAN International, a global leader in automotive technology and lifestyle audio, and a wholly-owned subsidiary of Samsung Electronics Co., Ltd., today announced that it has entered into a definitive agreement to acquire the Advanced Driver Assistance Systems (ADAS) business of ZF Group, comprising leading automotive compute solutions, smart cameras, radars and ADAS software functions. The transaction is valued at €1.5 billion.

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