Harman Acquires SVSi
Harman International has agreed to acquire SVSi, described as "The leading maker of networked AV products." Financial terms were not disclosed.
SVSi will join HARMAN Professional’s Video and Control Strategic Business Unit, which is marketed under the AMX by Harman brand.
“HARMAN was early to recognize the emergence and potential of AV over IP,” Blake Augsburger, President HARMAN Professional Division, said as part of the announcement.
“For more than six years, we have been steadily introducing new products to serve growing customer demand for IP-based products. With the acquisition of SVSi, we will accelerate our development plan with the addition of extraordinary expertise from the SVSi team.”