HARMAN acquires US-based Roon to boost Samsung’s audio market presence

Samsung-owned Harman International has taken over Roon Labs, the multi-device and multi-room audio technology company popular among audiophiles for its streaming platform and hi-fi sound, to accelerate its foray into the burgeoning home audio market.

Today, Samsung Electronics’ wholly-owned audio electronics giant announced its acquisition of the US-based high-end music streaming platform company without disclosing the financial terms. Roon offers a music player platform with a rich interface for browsing and discovering music.

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Supported by various operating systems, it is compatible with any audio device, and its playback engine boasts a sound that meets audiophile standards. Founded in 2015 by a team behind the modular music server Sooloos, Roon’s platform and system are well-known among high-end music enthusiasts.

With its multi-device, multi-room hi-fi music streaming system, Harman is expected to raise the stakes in the global home audio market, which is forecast to grow at an 11.1% compound annual growth rate from 2023 to reach $84.1 billion in 2031.

Roon’s platform can also be connected to Harman’s connected car systems. The latest acquisition comes less than a month after Harman’s purchase of French audio software firm FLUX, underlining its ambition to bolster audio software capabilities.

// Samsung