STAMFORD, Conn.–(BUSINESS WIRE)–HARMAN today announced the official closing of the previously announced sale of its Digital Transformation Solutions (DTS) business unit to Wipro Limited, following all required regulatory approvals. The transaction advances HARMAN’s strategic focus on strengthening its core Automotive and Lifestyle businesses while ensuring continuity and opportunity for DTS employees and customers.
“This milestone reflects our disciplined approach to portfolio management and our commitment to long-term growth,” said Carolin Reichert, Chief Strategy Officer at HARMAN. “We appreciate the contributions of our DTS colleagues, and we are confident the business will continue to thrive as part of Wipro.”
With the transition finalized, DTS will now operate as part of Wipro’s Engineering Global Business Line. As part of the acquisition, Wipro will enter into a multi-year strategic agreement with HARMAN and Samsung, further deepening the relationship and creating new avenues for joint growth and transformation.
HARMAN will continue to invest in advanced automotive, audio, and connected technologies that deliver meaningful innovation for automakers, consumers, and enterprises worldwide.
ABOUT HARMAN
HARMAN is a global leader in Lifestyle Audio and Automotive technology. We create intelligent experiences that enrich people’s lives on the road, in their homes, on the stage, and everywhere in between. Our iconic audio brands — including JBL®, Harman Kardon®, AKG®, Bowers & Wilkins®, Denon®, and Marantz® — bring premium sound to consumers and audio/visual professionals worldwide. More than 50 million vehicles globally rely on HARMAN’s technologies to deliver safer, smarter, and more intuitive in-cabin experiences. HARMAN is a wholly owned subsidiary of Samsung Electronics Co., Ltd. and has approximately 26,000 employees around the world.
Contacts
HARMAN Media Relations
Jasleen K. Makker
[email protected]
