Harman to Be Sold
WASHINGTON, DC — Harman International Industries, Inc. (NYSE:HAR), parent company to the Harman Professional Group whose brands include JBL, Lexicon, BSS, AKG, dbx, Soundcraft and Crown, announced April 26 that it has entered into an agreement to be acquired by affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR) and Goldman Sachs Capital Partners (GSCP) in a transaction valued at approximately $8 billion. The transaction was unanimously approved by the Harman board of directors.
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