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Harman, a maker of home and car audio entertainment systems, has acquired Bangalore-based Interchain Solution.
The size of the deal was not disclosed. Interchain Solution is a technology product company that specialises in developing telematics, fleet management, Android-based in-vehicle infotainment and location-based solutions.
Telematics is a technology that uses IT and communications in an integrated manner in cars and other vehicles. According to Harman officials, the acquisition will expand its design and engineering footprint in India and augment its telematics offerings. Interchain has an array of hardware platforms that are deployed for fleet tracking, connectivity, telematics applications and an Android-based infotainment solution for auto makers. The acquisition also complements Harman’s existing portfolio and gives it access to Interchain’s customers that include TeleAtlas, ALJACS Toyota, Mahindra & Mahindra and government institutions such as police and transport departments of various cities across India.
Anand Ramamoorthy, Managing Director of Harman India, said: “The combination of Interchain and Harman will provide our customers in both established and emerging markets a compelling proposition. In addition to enhancing our competitiveness, speed to innovate and spread of offerings in the space, it will allow us to offer our clients integrated and competitive products and solutions.”
> venkatesh.ganesh@thehindu.co.in
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