Samsung Electronics has finalized its takeover of U.S. automotive electronics firm Harman International Industries.

Samsung said it has concluded all necessary procedures on the takeover including a shareholders meeting at Harman and regulatory approval from ten countries including South Korea, the U.S., the European Union and China.

Harman shareholders will receive 112 dollars per share in cash while Samsung Electronics America will own 100 percent stake in Harman. 

A Samsung official said the company will now work to combine Samsung technology with Harman products to create synergy in all areas of sale, logistics and marketing.

Harman's existing organization and production plants will be independently operated by the current management. It will also retain its brand as is.

Samsung inked a deal to take over the U.S. firm last November at a cost of eight billion U.S. dollars. 

Harman is the global leader in in-car entertainment systems and car audio equipment.