What Companies Does Samsung Own?

Samsung Electronics, based in South Korea, is the largest enterprise owned by the Samsung Group, which is one of Korea’s famed chaebols. Samsung Electronics produces popular products like smartphones, tablets, and appliances. The company has also made key acquisitions, including Harman International Industries, SmartThings, LoopPay (now Samsung Pay), TeleWorld Solutions, and Novaled.

Key Takeaways:

• Samsung Electronics is the largest enterprise owned by the Samsung Group.
• Samsung has acquired companies like Harman International Industries, SmartThings, LoopPay, TeleWorld Solutions, and Novaled.
• Samsung’s acquisitions have contributed to its business portfolio and growth in various industries.

Samsung’s Acquisition of Harman International Industries

In 2017, Samsung Electronics made a strategic acquisition by purchasing Harman International Industries for a whopping $8 billion. Harman International is a renowned company that specializes in audio, visual, and connectivity products for both consumers and automobile manufacturers. With this acquisition, Samsung aimed to expand its global presence in the areas of smart audio, connected technologies, and automotive technologies.

The acquisition of Harman International Industries aligned perfectly with Samsung’s long-term goals and strategic investments. By combining Samsung’s expertise in consumer electronics and Harman International’s cutting-edge technology solutions, Samsung could enhance its revenue streams and further solidify its position in the highly competitive market. This acquisition opened up new opportunities for Samsung to deliver innovative products and services to its global customer base.

Benefits of the Acquisition

• Strengthening Samsung’s presence in the smart audio market.
• Expanding into the automotive technologies sector.
• Access to Harman International’s extensive portfolio of audio and connected technology patents.
• Increased revenue potential for Samsung Electronics.

Overall, the acquisition of Harman International Industries marked a significant milestone for Samsung Electronics, enabling the company to leverage Harman International’s expertise and technology to drive innovation and growth in key sectors.

Year of Acquisition	Company Acquired	Acquisition Amount
2017	Harman International Industries	$8 billion

Samsung’s Acquisition of SmartThings

In 2014, Samsung Electronics made a significant acquisition by purchasing SmartThings, a company specializing in designing software applications and operating an open platform for smart homes and Internet of Things (IoT) applications. This strategic acquisition aligned with Samsung’s push towards connected technology and the IoT, as the company recognized the growing importance of smart homes and the potential for interconnected devices.

SmartThings offers a mobile app that enables users to monitor, control, and automate various aspects of their homes. With the integration of SmartThings into the Samsung Open Innovation Center, Samsung aimed to enhance its ecosystem of connected devices and provide seamless experiences for its customers. This acquisition allowed Samsung to tap into the potential of the smart home market and expand its presence in the rapidly growing IoT industry.

Advancing Connectivity and Innovation

By acquiring SmartThings, Samsung demonstrated its commitment to advancing connectivity and innovation in the consumer electronics space. The company recognized that the future lies in a connected world, where devices seamlessly communicate with each other to simplify and enhance people’s lives. With SmartThings’ expertise and technology, Samsung positioned itself as a leader in the smart home industry, offering consumers a range of interconnected devices that provide convenience, security, and energy efficiency.

Driving Samsung’s Business Portfolio

The acquisition of SmartThings was not only a strategic move towards connected technology and IoT but also contributed to Samsung’s overall business portfolio. By diversifying its offerings and expanding into new markets, Samsung aims to remain at the forefront of technological advancements and meet the evolving demands of consumers. Through the integration of SmartThings and its innovative solutions, Samsung has strengthened its position as a leading global technology company, delivering cutting-edge products and services that shape the future of connected living.

Table: Samsung’s Key Acquisitions

Company	Year	Industry
Harman International Industries	2017	Audio, Visual, Connectivity
SmartThings	2014	Smart Home, IoT
LoopPay	2015	Mobile Payments
TeleWorld Solutions	2020	Network Services, 5G, AI
Novaled	2013	Organic Electronics, Displays, Lighting

Overall, Samsung’s acquisition of SmartThings showcased the company’s commitment to connected technology and IoT. By integrating SmartThings’ capabilities into its business ecosystem, Samsung has expanded its presence in the smart home market and positioned itself as a leader in the industry. As Samsung continues to drive innovation and connectivity, it remains at the forefront of technological advancements, shaping the future of interconnected devices and enhancing the way we live.

Other Acquisitions by Samsung

Let’s explore some of the other notable acquisitions made by Samsung. These strategic investments have strengthened Samsung’s position in various industries and contributed to its impressive business portfolio.

LoopPay Acquisition

In 2015, Samsung acquired LoopPay, a digital wallet platform, to enhance its mobile payment app, Samsung Pay. LoopPay’s innovative technology allows users to make secure payments by simply waving their smartphones near traditional magnetic stripe card readers. This acquisition has played a crucial role in expanding Samsung’s presence in the mobile payment industry, enabling convenient and secure transactions for millions of users worldwide.

TeleWorld Solutions Acquisition

In 2020, Samsung acquired TeleWorld Solutions, a network services provider specializing in 5G technology and artificial intelligence (AI). This strategic move aimed to bolster Samsung’s expertise in network infrastructure and accelerate the development of advanced connectivity solutions. By bringing TeleWorld Solutions into its fold, Samsung has further strengthened its capabilities in delivering cutting-edge telecommunications technologies and supporting the widespread adoption of 5G networks.

Novaled Acquisition

In 2013, Samsung acquired Novaled, a leading provider of organic electronics used in digital displays and lighting. The acquisition of Novaled has allowed Samsung to enhance the quality and performance of its screens, delivering stunning visuals and vibrant colors across its product lineup. By integrating Novaled’s advanced technologies, Samsung has demonstrated its commitment to innovation and providing users with exceptional display experiences.

These acquisitions, alongside the likes of Harman International Industries and SmartThings, have not only expanded Samsung’s business portfolio but also significantly contributed to its revenue and market capitalization. With a diversified range of investments spanning different sectors, Samsung continues to solidify its position as a global leader in technology and innovation.