Schouw & Co., parent company of Martin Professional, has entered into an agreement with the global infotainment and audio company Harman International Industries to sell Martin to Harman. The transaction, which will add Martin to Harman’s USD $4.4 billion organization and combine two of the largest R&D budgets in the audio and entertainment lighting industry, is subject to customary closing conditions, including regulatory approvals, and is expected to close in Q1 2013. The two ...
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