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HARMAN Completes Acquisition of Bang & Olufsen’s Automotive Audio Business

STAMFORD, Conn. – HARMAN International Industries, Incorporated (NYSE:HAR), the leading global infotainment, audio and software services company, today announced the successful completion of its acquisition of Bang & Olufsen Automotive car audio business. Bang & Olufsen branded audio products are available in a wide range of Audi, Aston Martin, BMW and Mercedes-Benz car models.

“The additions of Bang & Olufsen and B&O PLAY as distinctive and renowned brands will complement our existing premium branded offerings and strengthen HARMAN’s position as a leader in this segment,” said Dinesh C. Paliwal, HARMAN Chairman, President and CEO. “With this acquisition we are continuing HARMAN’s drive to offer our customers the strongest portfolio of brands and technologies.”

Bang & Olufsen Automotive is well-established as an exclusive brand delivering outstanding sound quality through its unique capabilities within acoustics, design and craftsmanship. In addition to the company’s signature design excellence, its systems incorporate the radical synthesis of emotional appeal and technological performance that represent the hallmark of Bang & Olufsen. HARMAN now will bring its global marketing, scale and technologies to the Bang & Olufsen and B&O PLAY car audio brands to strengthen and grow the business.

HARMAN brands are in more than 25 million cars, and the Bang & Olufsen and the B&O PLAY brands will join HARMAN’s portfolio of car audio brands, including Bowers & Wilkins®, Harman Kardon®, Infinity®, JBL®, Lexicon®, Mark Levinson® and Revel®.

For further information please contact:

HARMAN

Nicole Mehr

Director Corporate Affairs and Communications

Phone: 49-7248-71-1272

[email protected]