Harman Professional Solutions Announces Flux Acquisition, Says the Purchase ‘Opens Many Opportunities for Future Integration’
Audio, video, and lighting company Harman Professional Solutions (HPS) has officially announced a deal to acquire audio tool developer Flux Software Engineering.
The enterprise-focused business unit of Harman International, which Samsung has owned since 2017, emailed DMN today with word of its agreement for France-based Flux. Though the purchasing party didn’t disclose the transaction’s value, it did note that the play is expected to wrap before 2023’s quick-approaching conclusion.
Additionally, the buyout will encompass 17-year-old Flux’s “immersive, processing, and analysis solutions across live production, installation sound, content creation, and post-production,” Harman Professional Solutions drove home.
Building upon the point, HPS, the Stamford-headquartered parent of which owns JBL, Infinity, Lexicon, and more, made clear the belief that the investment will set the stage “for future innovation” throughout its varied brand portfolio.
“The FLUX:: acquisition is part of a technology investment HARMAN Professional is making to bring outstanding immersive experiences for live and recorded productions,” spelled out Brian Divine, who’s served as president of HPS for nearly four years.
“From creation to real-time immersive delivery, we aim to empower artists, designers, and engineers with a comprehensive product offering across the entire system. The foundational technology developed by the talented FLUX:: team opens many opportunities for future integration with our portfolio of brands,” concluded the close to 11-year Harman higher-up Divine.
And in remarks of his own, Flux founder and CEO Gaël Martinet emphasized the sale’s broader significance against the backdrop of spatial audio’s “increasingly important role.”
“The future integration of our software technology with HARMAN’s industry leading brands make for exciting opportunities not only for touring applications, but for installed audio where spatial audio will play an increasingly important role,” relayed Martinet.
“We’ve been pioneering and engineering immersive audio solutions for many years and to be among these HARMAN brands, namely JBL, which developed some of the earliest loudspeakers, is very compelling for our team and for customers,” finished the Flux head, whose business’s almost 20 products include an “immersive mixing solution” and a modular real-time analyzer system.
Harman Professional Solutions’ Flux purchase announcement has arrived just days following the official close of private equity firm Symphony Technology Group’s $1.4 billion buyout of Pro Tools developer Avid Technology. The latter has ceased trading on the public market as a result of the deal.
Link to the source article – https://www.digitalmusicnews.com/2023/11/09/harman-professional-solutions-flux-acquisition/
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