Friday, September 19, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Oracle's Ellison Steps Down
Qualcomm Announces Vuforia for Digital Eyewear, LTE Broadcast SDK, Demos Upcoming 810 SoC
Dropbox, Google, Open Technology Fund, Security Researchers Announce Simply Secure
Apple And U2 To Develop New Digital Music Format
AT&T Launches High-speed U-verse Service for Businesses
AMD Moves Closer To The Introduction Of Project FreeSync Monitors
Ericsson to Shut Modem Business
VIA Launches ARTiGO A900 Android System For IoT and M2M Deployments
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 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 Now Mass Producing 20-Nanometer 6Gb LPDDR3 Mobile DRAM
New Samsung NX1 Launches With APS-C backside-illuminated CMOS
Korean Authorities To Inverstigate LG-Samsung Dispute
Samsung Open Source Conference Kicks off Tuesday
LG Chem Develops Highly-effiecient OLED Lighting Panel
LG Brings Its ULTRA HD 4K TV LineUp To The US
Diesel Black Gold Introduces Custom Samsung Gear S at Runway Show
Samsung Outlines Its Vision for the Future Home At IFA 2014
Samsung Launches Tizen Wearable SDK for Gear S
Samsung Galaxy Tab Active Announced At IFA
Samsung Goes Curvy At IFA 2014
Samsung Partners With Oculus On Gear VR, Announces Galaxy Note 4 And Galaxy Edge at IFA 2014

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .