India markets closed
  • BSE SENSEX

    47,949.42
    -882.61 (-1.81%)
     
  • Nifty 50

    14,359.45
    -258.40 (-1.77%)
     
  • Dow

    34,200.67
    +164.67 (+0.48%)
     
  • Nasdaq

    14,052.34
    +13.54 (+0.10%)
     
  • BTC-INR

    4,284,493.50
    +182,263.25 (+4.44%)
     
  • CMC Crypto 200

    1,299.64
    -92.07 (-6.62%)
     
  • Hang Seng

    29,106.15
    +136.44 (+0.47%)
     
  • Nikkei

    29,685.37
    +2.00 (+0.01%)
     
  • EUR/INR

    90.0993
    +0.8265 (+0.93%)
     
  • GBP/INR

    104.0991
    +1.0840 (+1.05%)
     
  • AED/INR

    20.3310
    +0.0980 (+0.48%)
     
  • INR/JPY

    1.4422
    -0.0155 (-1.06%)
     
  • SGD/INR

    56.2530
    +0.4180 (+0.75%)
     

HARMAN Acquires 5G Edge and V2X Leader Savari

·3-min read

Savari technology and team to bolster HARMAN solutions in Automotive Infrastructure and Connected Safety

HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, today announced the acquisition of substantially all the assets of Savari®, Inc., a Silicon Valley-based automotive technology company developing vehicle-to-everything communications (V2X) technology in 5G Edge and automotive devices.

Savari’s software and hardware technology will enhance HARMAN’s comprehensive automotive telematics and advanced driving assistance systems (ADAS) capabilities, and expand the company’s strengths in 5G Edge, multi-access edge computing (MEC) and smart infrastructure solutions.

"Sensor technology is a core building block to propel the future of advanced mobility and automated driving. The integration of connected cars, cities and devices is only possible through a comprehensive software and hardware stack including sensors, 5G connectivity, edge computing and more," said Christian Sobottka, President, Automotive Division, HARMAN. "Adding Savari’s MEC technology and team of experts is an important component as we continue to build an open platform based on 5G and V2X, working with several partners across the industry to meet the unique needs of our customers globally."

Savari deploys V2X sensor solutions and edge-based analytics for automotive and smart infrastructure, including Vehicle-to-Infrastructure, Vehicle-to-Phone for pedestrians and bicyclists, Vehicle-to-Vehicle and Infrastructure-to-Phone. Savari’s hardware and software are radio agnostic, designed to fit any standards-compliant radio.

"HARMAN is the foremost connected technologies and automotive mobility leader, with the brand strength, scale and resources to accelerate V2X and 5G Edge platforms to market," noted Ravi Puvvala, Founder and CEO, Savari. "I look forward to joining HARMAN, and working with their ecosystem of customers and partners, to advance the future of our connected infrastructure and realize safer, more efficient transportation."

Savari employees will join HARMAN upon closing of the deal, and will be integrated into HARMAN’s Automotive division, a tier one automotive supplier for connected car, car audio and connected vehicle services.

ABOUT HARMAN

HARMAN International (harman.com), a wholly owned subsidiary of Samsung Electronics Co, LTD., designs and engineers connected products and solutions for automakers, consumers, and enterprises worldwide, including connected car systems, audio and visual products, enterprise automation solutions, and services supporting the Internet of Things. With leading brands including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon®, Mark Levinson® and Revel®, HARMAN is admired by audiophiles, musicians and the entertainment venues where they perform around the world. More than 25 million automobiles on the road today are equipped with HARMAN audio and connected car systems. Our software services power billions of mobile devices and systems that are connected, integrated and secure across all platforms, from work and home to car and mobile. HARMAN has a workforce of approximately 30,000 people across the Americas, Europe, and Asia.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210226005046/en/

Contacts

HARMAN:
Dawn Geary
Director, Global Communications, Automotive
Dawn.Geary@harman.com