HARMAN Completes Acquisition of Entertainment Lighting Company Martin ProfessionalFebruary 28, 2013
STAMFORD, CT – Continuing its strategy of delivering exceptional professional audio and entertainment products to markets worldwide, HARMAN, announced today it has completed its acquisition of Martin Professional A/S of Denmark. Martin is a world leading provider of lighting solutions for the entertainment, architectural, and commercial sectors, and its acquisition advances HARMAN’s capacity to serve customers in a wide variety of applications and geographic markets with the most advanced, highly integrated AV and lighting systems.
Blake Augsburger, HARMAN Executive Vice President and President HARMAN Professional 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.”
As a world leader in dynamic lighting solutions, Martin lighting systems are renowned the world over. Most recently, the outdoor Martin LED lighting system was showcased during Super Bowl XLVII at the Mercedes Benz Superdome in New Orleans. Martin luminaires have also recently been used for live performances by rock acts such as the Rolling Stones, Paul McCartney and Coldplay as well as for the latest Broadway and West End musicals. Martin is in the process of launching new products across all of its product lines including new models in the award-winning MAC Viper family, as well as new creative LED video products, innovative lighting control solutions, new atmospheric smoke solutions and more.
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 25 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of about 13,400 people across the Americas, Europe and Asia, and reported net sales of $4.4 billion for the twelve months ending June 30, 2012. The Company's shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.
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