Harman International Industries Inc

Harman International Industries Inc., a Northridge-based maker of audio and video equipment, said the company will provide car stereo systems for auto makers Jaguar, Saab, BMW and Range Rover. These car stereo contracts will be reflected in Harman's earnings as early as fiscal 1995, said Sidney Harman, the company's chairman.

Two private equity groups will terminate their planned $8-billion buyout of Harman International Industries Inc. but will invest $400 million in the company as part of a deal that precludes litigation over the breakup, Harman said Monday. The takeover by Kohlberg Kravis Roberts & Co. and GS Capital Partners soured in September, when the buyers expressed concern about the audio equipment maker's financial health.

Northridge-based Harman International Industries Inc. said it agreed to buy Studer Revox A.G., a maker of professional video and audio equipment, from its Swiss utility-company parent, Motor Columbus. Terms were not disclosed. Harman said the acquisition will complement its own line of video, stereo and speaker products. Studer Revox is based in Regensdorf, Switzerland. Harman expects to close the deal within 30 days.

Two private equity firms backed out of their $8-billion buyout of upscale audio equipment maker Harman International Industries Inc. on Friday, marking the latest such deal to run into trouble amid tightening global credit conditions. Kohlberg Kravis Roberts & Co. and Goldman Sachs Group Inc.'s private equity unit told Harman they were under no obligation to complete the merger because "a material adverse change in Harman's business has occurred," Harman said.

Floyd E. Toole has been named vice president of acoustic research for Harman International Industries Inc., an audio conglomerate based in Washington with subsidiaries in Northridge and Chatsworth. Toole will work with all Harman companies, including JBL, Infinity Systems and EPI. Previously Toole was senior research officer at the National Research Council of Canada's Acoustics and Signal Processing Group, based in Ottawa.

Harman International Industries Inc., a Northridge-based manufacturer of stereo equipment, said it has agreed to acquire a German car stereo manufacturer for 400,000 shares of Harman stock plus cash and debt totaling about $60 million. The German company, Becker GmbH, has annual sales of about $200 million and supplies auto maker Mercedes-Benz with car stereos equipped with cassette and compact-disc players, Harman said.

Harman International Industries Inc., a Northridge-based maker of stereo speakers and other audio equipment, reported a 75% increase in earnings in the company's second fiscal quarter that ended Dec. 31. Harman reported an $11.9-million profit in the second quarter, compared with earnings of $6.82 million in the same three-month period a year earlier. Sales increased to $289 million, up 30% from $223 million a year earlier. For its six-month period, the company reported net income of $16.

Northridge-based Harman International Industries Inc., maker of high-end stereo systems under such brand names as Infinity and JBL, said a judge ordered that it pay $5.7 million in damages to closely held rival Bose Corp. in a patent infringement lawsuit over speaker technology. A federal judge in Boston ruled last week that Harman's JBL Inc. and Infinity Systems Corp. units infringed Bose's patent covering plastic ports incorporated in some stereo speakers, Harman officials said in a release.

Two private equity groups will terminate their planned $8-billion buyout of Harman International Industries Inc. but will invest $400 million in the company as part of a deal that precludes litigation over the breakup, Harman said Monday. The takeover by Kohlberg Kravis Roberts & Co. and GS Capital Partners soured in September, when the buyers expressed concern about the audio equipment maker's financial health.

Former President Jimmy Carter told workers at a Northridge stereo components factory Tuesday that they prove that American workers can compete successfully with the Japanese. "We watch and we hear every day that Americans cannot compete with the Japanese," Carter told workers at Harman/JBL Inc., according to a company statement. "You prove every day that this allegation is absolutely false."

Harman International Industries Inc. said Thursday that it had agreed to be acquired by Kohlberg Kravis Roberts & Co. and Goldman Sachs Group Inc.'s private equity unit for about $8 billion. Harman makes electronics systems for cars that integrate stereos, global position systems and DVD video systems. In addition to home audio systems, it also makes loudspeakers and sound systems for concert halls, stadiums and airports.

Northridge-based Harman International Industries Inc., maker of high-end stereo systems under such brand names as Infinity and JBL, said a judge ordered that it pay $5.7 million in damages to closely held rival Bose Corp. in a patent infringement lawsuit over speaker technology. A federal judge in Boston ruled last week that Harman's JBL Inc. and Infinity Systems Corp. units infringed Bose's patent covering plastic ports incorporated in some stereo speakers, Harman officials said in a release.

Harman International Industries Inc., a stereo manufacturer with a large plant in Northridge, is moving part of its speaker assembly line from Northridge to Tijuana, eliminating at least 100 jobs in the process, a company executive said Monday.

Harman Multimedia, Northridge, a division of Harman International Industries, announced its new product, iSub, a USB sub-woofer with a 20-watt amplifier designed exclusively for Apple's new family of iMac computers. Harman Multimedia provides high-fidelity audio products to major computer manufacturers.

Inaugurating a road tour to coax better citizenship from corporate America, President Clinton stopped at Harman Industries on Friday to praise the efforts of the Northridge audio-products maker to hold down layoffs as it competes in a turbulent world market. Clinton examined the company's assembly lines and addressed 1,200 Harman workers with remarks that made clear his intention to use the gentlest persuasion--rather than the forceful tactics advocated by some aides and allies--to persuade U.S.

Inaugurating a road tour to coax better citizenship from corporate America, President Clinton on Friday stopped at Harman Industries to praise the audio-products maker's efforts to hold down layoffs as it competes in a turbulent world market. Clinton examined the company's assembly lines and addressed 1,200 Harman workers with remarks that made clear his intention to use the gentlest persuasion--rather than the forceful tactics advocated by some aides and allies--to urge U.S.

Harman International Industries Inc., a stereo manufacturer with a large plant in Northridge, is moving part of its speaker assembly line from Northridge to Tijuana, eliminating at least 100 jobs in the process, a company executive said Monday.

Harman International Industries Inc. said Thursday that it had agreed to be acquired by Kohlberg Kravis Roberts & Co. and Goldman Sachs Group Inc.'s private equity unit for about $8 billion. Harman makes electronics systems for cars that integrate stereos, global position systems and DVD video systems. In addition to home audio systems, it also makes loudspeakers and sound systems for concert halls, stadiums and airports.

First he came to sell his economic plan. Then it was to comfort survivors of the Northridge earthquake, and once again to hail their recovery. Now it's election time. In what has become an annual pilgrimage to the San Fernando Valley since he entered the White House, President Clinton is due in town today as part of a two-day swing through California.

Harman International Industries Inc., a Northridge-based manufacturer of stereo equipment, said it has agreed to acquire a German car stereo manufacturer for 400,000 shares of Harman stock plus cash and debt totaling about $60 million. The German company, Becker GmbH, has annual sales of about $200 million and supplies auto maker Mercedes-Benz with car stereos equipped with cassette and compact-disc players, Harman said.