HARMAN has announced its completed acquisition of Martin Professional A/S of Denmark. Martin is a well-known provider of lighting solutions for entertainment and architectural applications, and its acquisition advances HARMAN’s capacity to serve customers in a wide variety of applications and geographic markets with highly integrated AV and lighting systems.
Blake Augsburger, HARMAN Executive Vice President and President of HARMAN’s 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 capitalise 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 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.
) 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. HARMAN has a workforce of about 13,900 people across the Americas, Europe and Asia, and reported net sales of $4.4 billion for the year ended June 30th, 2012. The Company's shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.