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The Top 10 Businesses Owned by Samsung in 2024

Samsung is a South Korea-based worldwide conglomerate that has businesses in various industries. The company, known for its electronics has come to operate in various sectors such as cloud services through acquisitions and investments. Some of the top 10 businesses owned by Samsung include:

Top 10 Businesses Owned by Samsung

Harman International Industries

Top 10 Businesses Owned by Samsung

Harman International Industries was acquired by Samsung for $8 billion in 2016. Harman, which deals in integrated audio equipment and electronic systems, operates as JBL, Infinity, Harman/Kardon, Lexicon, and Mark Levinson. It is among the top 10 businesses owned by Samsung.

AdGear

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In June 2016, Samsung acquired a private company to track its investment in AdGear, a leading digital advertising technology company that delivers software and services through the most expansive channels list including TV, print, dialog, and digital. Its owner was the Korean company’s investment branch, the Global Innovation Center, responsible for such a connection to help Samsung TV audiences reach its customers through internet digital devices.

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Joyent

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It is a global cloud services provider that Samsung bought in June 2016. The focus of Joyent’s cloud software solutions, public, and private allows Samsung to support its products with cloud-based software. Therefore, the product ecosystem is also launched. It is one of the top 10 businesses owned by Samsung.

LoopPay

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Samsung acquired LoopPay to compete with Apple Pay. LoopPay’s technology allows users to make mobile payments by tapping their devices on hardware in stores. Samsung integrated this technology into its mobile payment system, Samsung Pay. It is yet another top 10 businesses owned by Samsung.

Nexus

image 1 292 jpg The Top 10 Businesses Owned by Samsung in 2024

Samsung introduced the purchase of Nexus, a healthcare equipment producer located in the United States. The outcome provided no insights into just how much Samsung paid for the business. At the same time, it is a strong declaration of Samsung’s intent to broaden into new market areas.

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Novaled

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In 2013, Samsung invested $347 million in Novaled. Novaled is a service using natural materials and strategies for the next generation of OLED displays that are utilized in Televisions and Smartphones. It is one of the top 10 businesses owned by Samsung.

Proximal Data

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Proximal Data ended up being established by Samsung in 2014. The business develops server-side caching applications for developing and saving regularly addressed details in memory.

Simpress

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Samsung acquired this technology solution print company in 2015 for 100 million. This firm designs various digital printing materials that will boost Samsung’s business-to-business unit while also augmenting its penetration of the Lain America print market.

SmartThings

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In 2014, Samsung purchased this firm for $200 million. It creates smart kits for houses with the requisite software and hardware to interconnect multiple devices under a single managing software.

Prismview Young Electric Sign Co.

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In 2015, the company acquired this firm. It had exclusive rights to make LED displays for digital billboards and signage. Samsung uses the display to integrate it into its smartphone, television, and tablet products. The list of top 10 businesses owned by Samsung sums up here.

FAQs

  1. How does Samsung select businesses for acquisition?

    Samsung looks for strategic fit, market potential, and synergy with existing operations when considering acquisitions. The focus is on long-term growth and innovation alignment.

  2. What benefits does Samsung’s diverse business portfolio offer?

    Samsung’s diversified portfolio reduces reliance on single industries, capitalizes on various opportunities, and enhances resilience in the global market. It also enables leveraging of synergies and adaptation to market changes.

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