Planar sells EL business

Planar Systems has sold its electroluminescent (EL) display business to Beneq Oy.

The company will be working with Beneq after the closing to ensure customers are fully supported in the transition. Beneq Oy is a supplier of production and research equipment for advanced thin film coatings.

"The sale of our EL business to Beneq represents an important milestone in the execution of our strategic plan. We were able to add cash to our balance sheet and are now able to focus more of our attention and resources on our digital signage and interactive display product lines," said Gerry Perkel, president and CEO of Planar.