The acquisition of Harman by Samsung is complete. A deal worth $8 billion was finalized a couple of days ago. The terms? Harman stockholders get $112 per share in cash, and as of today its stock has been delisted from the New York Stock Exchange. It is the largest acquisition in Samsung's history.

Harman International possesses some of the best-known brands in audio, including JBL, Crown, Revel, Mark Levinson, AKG, Harman-Kardon, and numerous others. Its assets also include AMX, which specializes in control and automation.

While Samsung's motivation for the acquisition includes gaining an instant foothold in the automotive market, the company has promised to keep Harman intact. Specifically, the press release notes that Samsung is retaining Harman's workforce, headquarters, and other facilities as well as keeping all the existing brands.

As you might expect, the press release included quotes from top executives addressing the completed acquisition.

Young Sohn, president and chief strategy officer of Samsung Electronics, and chairman of the board at Harman said, "Today is a historic moment for us. The close of this transaction opens the door to create substantial growth opportunities and deliver greater benefits for customers worldwide. We see transformative opportunities in the car. And, a future which seamlessly connects lifestyle across automotive, home, mobile and work."

Sohn also noted that "Samsung’s and Harman’s leadership in these spaces perfectly positions Samsung to be the preferred partner to our OEM customers. In addition, bringing together Harman’s iconic audio brands and capabilities paired with Samsung’s leading display technologies will deliver enhanced audio and video experiences to consumers and professional end markets."

Dinesh Paliwal, Harman president and CEO stated"We are excited to have completed the transaction, which provides compelling cash value to our stockholders, benefits our customers and provides new opportunities for our employees. Samsung shares our commitment to our customers and our culture of speed, innovation and execution and provides Harman with the scale, platform and complementary technologies to accelerate growth and extend our global market leadership in automotive, smart audio and connected technologies."

Folks, Harman and  Samsung combines the talent and knowledge of world's number one audio company with the vast resources and access to technology—like being able to fabricate chips—that Samsung brings to the table. While it may be true that corporate acquisitions like this don't always work out, there's vast potential in combining the capabilities of these two companies, so let's hope for the best.