17.04.18

Leyard and Planar to buy eyevis

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Leyard and Planar are set to acquire eyevis in a bid to strengthen their presence in the EMEA market.

Eyevis, a German manufacturer of large screen systems, entered insolvency proceedings at the end of last year when it also said it was seeking investors. In January 2018 the company said a restructuring process had been successful and that it was stable and fully financed.

In a press release issued today, Marco Bruines, CEO of Leyard EMEA, said: “This acquisition demonstrates our ongoing commitment to further geographic expansion and investment, specifically in Western Europe.

“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.”

Heiko Schaich, chief technology officer at eyevis, added: “We are excited about integrating into a larger corporate environment and the enhanced possibilities for further development and sales opportunities. 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 finalise in the second calendar quarter of 2018.