In a press interview in Finland on December 1, Sohn Youngkwon, Samsung Strategy & Innovation Center (SSIC) President and CSO of Samsung Electronics, expressed Samsung’s confidence on future mergers and acquisitions (M&A), following the company’s acquisition of Harman in November 2016, which Sohn led. Sohn currently serves as Chairman on the Harman board.
As reported by Business Korea:
“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. We are also looking for firms in the fields of internet, automation, networking, data transmission and security when it comes to business software,” Sohn said.
Sohn also commented that Samsung Electronics will continue to acquire startup and venture firms, and that the company will focus on independent growth instead of M&As in markets that the company feels it has an adequate foothold, including the semiconductor and mobile phone industry.
According to Android Headlines, Sohn stated that Samsung’s aim with future acquisitions will be to diversify and invest in a long-term strategy independent of any single market.