Martin Professional’s parent company, Schouw & Co., has entered into an agreement with global infotainment and audio company Harman International Industries to acquire Martin. The transaction, pending closing conditions and regulatory approvals is expected to be completed during Q1 2013. The combined offerings of both companies will provide a vast array of audio, lighting, and video solutions for live events and permanent installations, and it will allow the two companies to combine research and development budgets. The press release stated that, “Martin Professional will continue as an independent business unit within the Harman Professional Division, with the existing points of contact.”