Samsung to boost M&A

Samsung Electronics says it is stepping up its efforts on the acquisition trail.

samsung HQ

The company says it wants to buy companies which have the technology to make Samsung’s existing product line more attractive.

Earlier this year it bought Harman for $8 billion in an attempt to accelerate its moves into the automotive components market.

Another acquisition was Viv Labs to bolster Samsung’s efforts in developing AI – specifically to help with putting speech revignition into its products.

Another buy was LoopPay to help its mobile payment development. Samsung’s answer to Apple Pay – SamsungPay – was launched earlier this month.

Last year, Samsung bought a raft of companies: AdGear, Joyent, Dacor, Tachyon, NewNet, QD Vision, Perch and Melaud.

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