Harman is buying Interchain Solution, a technology company that should help the US premium audio and infotainment group expand its design and engineering footprint in the Indian market.
Interchain, which is based in Bangalore, India, specializes in developingÂ telematics, fleet management, Android based in-vehicle infotainment and location-based solutions.
Harman said the acquisition, which is expected to close later this month, will augment its automotive infotainment and telematics offerings. Â The company also hopes Interchain will give it a bigger share of the commercial vehicle market.
Harman CEO Dinesh Paliwal cited Indian companies' ability to generate "some of the freshest and most innovative ideas." He said the acquisition will let Harman combine emerging technologies with its existing infotainment products.
Interchain makes a range of hardware platforms used for for fleet tracking, connectivity and telematics applications. It also offers an Android-based infotainment product for carmakers. Among the company's customers are TeleAtlas, ALJACS Toyota, MapmyIndia as well as various Indian government agencies and departments.