Tuesday, May 30, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New Ballistix Tactical Tracer DDR4 Gaming Memory Modules Get RGB Lighting
SK Hynix and Micron Try To Catch up With Samsung in 10nm DRAM Production
CORSAIR Unveils Concept Curve, Concept Slate, SYNC IT and Host of New Liquid Cooling Options at COMPUTEX
Computex 2017: Dell Debuts Inspiron AIOs and VR Gaming Desktop
Samsung Announces New Virtual Reality Partnerships with UFC, X-Games and Live Nation
Computex: Qualcomm Unveils Mesh Networking Platform and Reference Design
Computex: GeForce Partners Unveil Over 40 New Products based on NVIDIA's Max-Q Design
Computex: Western Digital to Deliver First Client Solid State Drives with 64-Layer 3D NAND Technology
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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 Wants to Lead the Foundry Race With Process Roadmap Down to 4nm
Hackers Expose Galaxy S8's Iris Scanner Security, Samsung Investigates Issue
Samsung Pay Launches in the U.K.
Samsung Galaxy Note 8 Said To Have Dual-cameras
Accessory Line-up for the Samsung Galaxy S8 and Galaxy S8+
Samsung Creates New Chip Foundry Division
Samsung Names New Mobile Marketing Chief
Samsung Display Breaks Ground For New Flexible OLED Fab
Sony Returns to the OLED TV Market With New Models
Samsung On Track to Beat Intel in Semiconductor Sales
Samsung to Invest $2.64 Billion To Expand Its DRAM Production
Samsung And Apple Maintain Top Spots in Smartphone Market

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .