Vendor M&A: HARMAN Completes €110m Acquisition of Martin Professional

Posted by Joe Zaller
Mar 04 2013

HARMAN announced it has completed its acquisition of lighting solutions provider Martin Professional.

Based in Aarhus, Denmark, Martin has more than 450 employees, and reported revenues of approximately $150m in fiscal 2011.

Martin’s product portfolio will become part of HARMAN’s Professional business, which includes broadcast vendors AKG, JBL, Studer, and Soundcraft.

Blake Augsburger, HARMAN EVP and President of HARMAN’s Pro Division, said, “As we move forward together and institute Martin Professional as a business unit within HARMAN Professional, our customers from both the lighting and AV disciplines will soon be able to capitalize on joint innovations, efficiencies and access to our systems portfolios. In doing so, I am confident we’ll also drive growth into emerging markets and vertical markets where digital technologies are increasingly central to the commercial enterprise — specifically transportation, hospitality, retail, communications and education.”

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