|Post IPO Valuation|
Harman International Industries, Incorporated engages in the development, manufacture, and marketing of audio products and electronic systems primarily in the United States. The companyâ€™s Automotive segment designs, manufactures, and markets audio, electronic, and infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers. It markets its products under various brands, including JBL, Infinity, Mark Levinson, Harman/Kardon, Logic 7, Lexicon, and Becker. This segment also markets personal navigation devices. The companyâ€™s Consumer segment engages in the design, manufacture, and marketing of audio and consumer electronics for home, multimedia, and mobile applications under the AKG, Harman/Kardon, Infinity, JBL, and Mark Levinson brands. It also provides transducers and built-in speakers for notebook computers; audio systems for personal computers; aftermarket mobile products; and accessories. This segment sells its products through specialty audio stores and mass-market retail stores. The companyâ€™s Professional segment designs, manufactures, and markets loudspeakers, power amplifiers, digital signal processors, microphones, and mixing consoles used by audio professionals in concert halls, stadiums, houses of worship, and other public spaces. It markets its products under various brands, including JBL Professional, AKG, Crown, Soundcraft, Lexicon, Mark Levinson, Revel, DigiTech, dbx, BSS, and Studer. Additionally, the company offers real-time operating system software, middleware, development tools, and consulting services under the QNX brand for various markets, including automotive, industrial control and automation, medical, networking and telecommunications, and security and defense. It has a strategic partnership agreement with Neusoft Corporation to develop advanced technologies in automotive and consumer electronics. The company was founded in 1980 and is headquartered in Stamford, Connecticut.