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Samsung Electronics to Pursue More Big Deals
Based on Confidence
Samsung Electronics to Pursue More Big Deals
  • By lsh
  • December 4, 2017, 00:45
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Sohn Young-kwon, CEO of Samsung Strategy & Innovation Center (SSIC) and Dinesh Pali, CEO of Harman, pose after browsing a vehicle equipped with UBJ sound bar in Las Vegas, the US on January 5 (local time), 2017. (photo courtesy: Samsung Electronics)
Sohn Young-kwon, CEO of Samsung Strategy & Innovation Center (SSIC) and Dinesh Pali, CEO of Harman, pose after browsing a vehicle equipped with UBJ sound bar in Las Vegas, the US on January 5 (local time), 2017. (photo courtesy: Samsung Electronics)

 

Samsung Strategy & Innovation Center (SSIC) President Sohn Young-kwon had a press interview in Finland on December 1 and said that Samsung Electronics is now more confident than ever about large-scale M&A after its acquisition of Harman and is going to pursue more big deals.

He mentioned keywords such as automobile, digital health and business software with regard to the future direction of M&A. “We are planning on a continuous investment in the auto parts market while seeking opportunities in the digital health market and the technology related to preventive medicine,” he explained, adding, “We are also looking for firms in the fields of Internet, automation, networking, data transmission and security when it comes to business software.”

Mr. Sohn, who is the chief strategy officer (CSO) of Samsung Electronics, led the acquisition of Harman and is currently serving as the chairman of the board of Harman. Samsung Electronics reshuffled its organization last month to expand the SSIC from an arm of its Device Solutions (DS) Division to an enterprise-wide organization. Established in 2012, the SSIC is in charge of future business opportunity seeking in Samsung Electronics.

The president stressed that his company would continue to acquire startups and venture firms. Still, he mentioned that Samsung Electronics would focus on independent growth instead of M&A in those markets already topped by Samsung Electronics such as semiconductor and mobile phone.Samsung Strategy & Innovation Center (SSIC) President Sohn Young-kwon had a press interview in Finland on December 1 and said that Samsung Electronics is now more confident than ever about large-scale M&A after its acquisition of Harman and is going to pursue more big deals.