Samsung Electronics' subsidiary Harman International will sell its DTS division, which is responsible for system integration (SI) business.
Harman announced on the 21st that it has signed a contract to sell its DTS division to the Indian information technology (IT) service corporation Wipro. Under the agreement, Harman will transfer over 5,600 employees from 18 locations in the U.S., Europe, and Asia to Wipro.
The acquisition is expected to be completed within the year, subject to regulatory approval.
Harman plans to focus on its core businesses in audio and automotive after selling the non-core DTS division.
In May, Harman solidified its position as an audio giant and strengthened its competitiveness by acquiring Denon and Marantz in collaboration with Bowers & Wilkins (B&W), and in November 2023, it acquired the music playback platform Roon.
Christian Sobottka, CEO of Harman, said, "Joining Wipro will be an opportunity for DTS to grow faster and access key industrial clients."