Saturday, April 18, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Logo Removed From Japanese Smartphones
Google Is Getting Serious With Project Loon
New Technology Can Track Detailed Hand Motion
Office Universal apps Coming Next Month On Windows 10 for Phones
FCC Makes 150 MHz Of Contiguous Spectrum Available To Telecom Companies
Google Extends Chrome Support For Windows XP
ASUS X99 and Z97 Motherboards Now Support NVM Express Devices
AMD Reports Loss, Exits From High-density Server Business
Active Discussions
Help make DVDInfoPro better with dvdinfomantis!!!
Question about nero
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
Need serious help!!!!
burning
 Home > News > Consumer Electronics > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, August 09, 2013
Samsung To Acquire OLED Maker Novaled


Samsung is trying to meet the growing need for OLED displays with the acquisition of Novaled for 260 million euros.

Cheil Industries today signed a binding agreement to acquire a majority stake of approximately 50% in Novaled. Samsung Electronics will acquire approximately 40%, the remaining stake of approximately 10% in Novaled is currently held by Samsung Venture Investment which will maintain its current shareholding. The transaction values Novaled at a total enterprise value of €260m including a €30m contingent payment, which is conditional to reaching certain milestones.

Cheil Industries? CEO Jong-Woo Park commented: "Leadership in future display market will be determined by technological capacity", and "this acquisition is expected to generate significant synergy in new-generation OLED materials R&D and will play a critical role in enhancing Cheil Industries? market position as a global leader in electronic materials".

"The transaction with Cheil Industries and Samsung Electronics completes a partnership that started in 2011 with Samsung Venture Investment becoming a strategic investor in Novaled. At the end, the dual track process with a parallel preparation of a listing on NASDAQ led not only to the best solution for Novaled but also to one of the most successful venture capital investments in Germany", remarks Paul-Josef Patt, CEO of eCAPITAL and lead investor since the beginning of 2009.

As part of the transaction, Cheil Industries and Samsung Electronics will also acquire the shares of founding partners of Novaled.

Novaled AG is specializing in high efficiency, long-lifetime OLED structures. Through the combination of organic conductivity doping technology, proprietary materials and OLED stack development expertise, Novaled offers OLED display and lighting manufacturers customized solutions to optimize the performance, power efficiency, stability and lifetime of their products while decreasing their manufacturing complexity and cost.


Previous
Next
US Bans Samsung Imports        All News        ASUS Announces ET2301 AiO PC, PB298Q 21:9 Monitor
New BenQ Projector Supports 5-GHz WHDI Technology     Consumer Electronics News      Pioneer at IFA 2013

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Logo Removed From Japanese Smartphones
The Latest On Nvidia's Patent Dispute with Samsung
Samsung Display Buys Quantum Dot Technology From SEC
Samsung Galaxy S6 Edge Pricier to Build, Cheaper to Buy Than The Apple iPhone 6 Plus
Samsung Now Producing First M.2 NVMe PCIe SSD for PCs
Samsung to Make 14nm GPUs For Nvidia
Samsung to Release Proprietary Mobile Application Processor Core
Samsung Expects High Profit Ahead of S6 Launch
NVIDIA Receives Favorable Ruling from ITC in Patent Dispute with Samsung, Qualcomm
Samsung Reposnds To Press Reports
Samsung Relies More In Its Own Chips For Mobiles
Samsung Launches New SUHD and UHD Line Up

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .