Masimo Corporation has entered into a definitive agreement to sell its Sound United consumer audio business to Harman International, a wholly owned subsidiary of Samsung Electronics Co., Ltd., for an aggregate purchase price of $350 million in cash, subject to certain adjustments. The sale follows the previously announced review of Masimo’s consumer audio business and will support the company’s strategic focus on driving innovation in its core professional healthcare segment. The transaction is expected to close by the end of 2025, subject to receiving necessary regulatory approvals.
“Finding the right home for this business has been a stated priority of the new Board from day one, and this transaction represents an important milestone as we continue to position the company to achieve our goals of accelerating revenue growth while delivering disciplined margins,” says Quentin Koffey, vice chairman of Masimo’s Board of Directors. “Masimo has tremendous opportunities ahead and we are confident we have the right healthcare-focused strategy, experienced leadership team and culture of innovation in place to build on our significant positive momentum.”
“This acquisition represents a strategic step forward in the expansion of Harman’s core audio business and footprint across key product categories such as home audio, headphones, hi-fi components, and car audio,” says Dave Rogers, president of Harman’s Lifestyle division. “It complements our existing strengths and opens new avenues for growth. Sound United’s portfolio of world-class audio brands, including Bowers & Wilkins, Denon, and Marantz, will join Harman’s iconic family of brands, including JBL, Harman Kardon, AKG, Mark Levinson, Arcam, and Revel. Built on a shared legacy of innovation and excellence in audio technology, this combined family of brands, together with the talented employees of both companies, will deliver complementary audio products, strengthen our value proposition, and offer more choices to consumers.”
The transaction is subject to the satisfaction or waiver of certain closing conditions, including the receipt of any required regulatory approvals.
Centerview Partners LLC and Morgan Stanley & Co. LLC served as financial advisors to Masimo and Sullivan & Cromwell LLP served as legal advisor to Masimo in connection with the transaction.
For more information, visit harman.com.
