Samsung Electronics’ US$8 billion purchase of automotive and audio electronics company Harman – announced earlier this year – has given the technology conglomerate confidence to chase more big deals, its strategy chief has said.

Harman believes it can triple sales by 2025, CEO Dinesh Palliwal said in an interview at the IFA consumer electronics fair here.

Young Sohn, Samsung’s Silicon Valley-based chief strategy officer, said the move will see Samsung expand in automotive markets, digital health and industrial automation. “We are committed to using M&A as our tool, (and) I think the Harman acquisition helped us to have more confidence,” Sohn told Reuters. “I believe we can do lot more going forward.”