January 15, 2013 By Steve Crowe
Daktronics has entered into an agreement to purchase OPEN Out-of-Home Solutions (OPEN), a display manufacturer based in Belgium.
OPEN, a privately owned company that has been in business more than 20 years, provides light boxes and scrollers, advertising signs and billboard advertising displays to third-party advertising (TPA) companies.
Under the agreement, Daktronics will acquire a modern 40,000-square-foot facility with office and manufacturing space, allowing it to better serve the Europe/Eurasia market with competitive pricing and delivery.
The two companies have been working together the past few years to deliver digital displays in Europe using OPEN’s proprietary cabinetry system and Daktronics’ electronics.
The deal is expected to close in May 2013, at which point OPEN will operate as part of Daktronics. Terms of the agreement were not disclosed.