Harman Completes Buy of Automotive Cybersecurity Firm TowerSec

Harman completed its buy of cybersecurity company TowerSec (see 1601050057), it said Friday. TowerSec specializes in onboard network protection for connected vehicles. Harman expects the transaction to be dilutive to operational earnings by about 5 cents per share in FY 2016, and it will be reported as part of Harman’s Connected Car division, it said.