Leyard and Planar today announced the intent to acquire German visual display solutions manufacturer eyevis.
“Through this geographic expansion, the companies will better serve customers in EMEA with combined marketing, sales, installation support and customer service,” according to the joint press release. [related]
The announcement calls eyevis “one of the leading providers and integrators of visualization systems for professional applications in control rooms, broadcast, virtual reality and simulation.” Its product lines include displays, graphics controllers, software and accessories.
As part of the deal, Leyard and Planar will also acquire Teracue, a manufacturer and supplier of professional IPTV and video-networking systems. Teracue was acquired by eyevis in 2014.
“This acquisition demonstrates our ongoing commitment to further geographic expansion and investment, specifically in Western Europe,” said Marco Bruines, CEO of Leyard EMEA, in the announcement.
“It’s a great opportunity to bring together Leyard, Planar and eyevis’ strengths and resources in customer service and distribution to build the world’s leading visual solution products for our existing customers and new markets.”
“We are excited about integrating into a larger corporate environment and the enhanced possibilities for further development and sales opportunities,” said eyevis chief technology officer Heiko Schaich in the press release.
“It will provide a path for future growth and bring stability to our partners and customers after the strenuous times eyevis has experienced in recent months.”
The acquisition is subject to customary closing conditions and is expected to finalize in the second quarter of 2018.
Leyard and Planar at a glance:
Leyard acquired Planar in August 2015 for $157 million, making it one of the first mega-mergers in an industry that has since seen many more blockbuster deals in the ensuing 32 months.
Since that time, Leyard and Planar have often shared the billing when releasing new products, with their involvement with high-profile projects including the 2018 Winter Olympics and the plaza outside Wrigley Field in Chicago.
