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Barco buys an 5% stake in Chinese LED display maker Unilumin, in a share transfer valued at approximately € 54 million. Barco and Unilumin will combine their competences and work together in the development of innovative technologies and new products. While Unilumin has the capability and the knowhow to produce large volumes of quality LED products, Barco’s LED image processing platform guarantees unprecedented results in every situation.
On top of the shareswap the Barco and Unilumin also signed a strategic partnership agreement, supply agreements and a joint development agreement.
The deal provides Barco with access to large scale Chinese development and production, with prices to address the mass market. And Unilumin gets access to high end projects benefitting from Barco's high-end brand, and service channel.
“Barco is our route to the high-end market offering access to a broader and more global audience,” adds Mingfeng Lin, CEO of Unilumin. “In addition, this cooperation also allows us to leverage Barco’s image processing capabilities in LED solutions. Both companies are convinced that the mutual recognition of each other’s strengths will result in a win-win opportunity and a long-term beneficial partnership for everyone involved, including the customer.”
Unilumin had a European partner in German Eyevis, that was acquired in 2018 by Chinese LED Display giant Leyard, after running into financial difficulty.
Barco has engaged in a wide-ranging partnership with Unilumin to secure cost- competitive supply of high-quality LED display components, that allows broader penetration in its core markets with differentiated Barco LED visualization hardware and software solutions.
“Barco’s heritage includes some of the most impressive customized LED installations all around the world.” says Jan De Witte, CEO of Barco. “However, LED technology continues to develop at a rapid pace and starts to open up interesting opportunities in mainstream markets in the Entertainment and Enterprise segments. With this partnership we are strengthening our global competitive play as we further expand the hardware component of our 'hardware + software + services' proposition towards our target markets.”
Over the past couple of years, LED has started to find its way as high-end visualization solution in some of Barco’s core market segments. The evolution unveils a sizeable untapped potential adding distinct addressable market opportunities in markets such as Control Rooms, Pro-AV and other vertical market segments. The international collaboration with a key manufacturer like Unilumin offers Barco the capability to address this rapidly developing opportunity with cost-effective offerings and state-of-the-art technology.
On top of the shareswap the Barco and Unilumin also signed a strategic partnership agreement, supply agreements and a joint development agreement.
The deal provides Barco with access to large scale Chinese development and production, with prices to address the mass market. And Unilumin gets access to high end projects benefitting from Barco's high-end brand, and service channel.
“Barco is our route to the high-end market offering access to a broader and more global audience,” adds Mingfeng Lin, CEO of Unilumin. “In addition, this cooperation also allows us to leverage Barco’s image processing capabilities in LED solutions. Both companies are convinced that the mutual recognition of each other’s strengths will result in a win-win opportunity and a long-term beneficial partnership for everyone involved, including the customer.”
Unilumin had a European partner in German Eyevis, that was acquired in 2018 by Chinese LED Display giant Leyard, after running into financial difficulty.
Barco has engaged in a wide-ranging partnership with Unilumin to secure cost- competitive supply of high-quality LED display components, that allows broader penetration in its core markets with differentiated Barco LED visualization hardware and software solutions.
“Barco’s heritage includes some of the most impressive customized LED installations all around the world.” says Jan De Witte, CEO of Barco. “However, LED technology continues to develop at a rapid pace and starts to open up interesting opportunities in mainstream markets in the Entertainment and Enterprise segments. With this partnership we are strengthening our global competitive play as we further expand the hardware component of our 'hardware + software + services' proposition towards our target markets.”
Over the past couple of years, LED has started to find its way as high-end visualization solution in some of Barco’s core market segments. The evolution unveils a sizeable untapped potential adding distinct addressable market opportunities in markets such as Control Rooms, Pro-AV and other vertical market segments. The international collaboration with a key manufacturer like Unilumin offers Barco the capability to address this rapidly developing opportunity with cost-effective offerings and state-of-the-art technology.