Samsung buys Yesco to expand digital media portfolio
Samsung Electronics has bought Yesco Electronics, an LED sign and display manufacturer with more than 2,000 installations across the UK and abroad. The acquisition is designed to strengthen Samsung’s offering in the LED display market.
The acquisition extends the reach of Samsung’s technologies and expertise beyond large-format displays (LFDs) using LCD panels.
"Our partnership with Yesco has come at an exciting time for Samsung UK," said Phil Gaut, director of display, Samsung UK & Ireland. "We’ve noticed an increasing demand for high quality large-scale LED displays and this move will strengthen our existing display portfolio. It means that we’ll be able to expand into new markets, including large scale advertising and display solutions in retail, transport, entertainment and sport industries to name a few. This partnership will help us bring truly exceptional display technologies to the market, further reinforcing our leading position in the digital display industry."
In light of the higher demand for LED displays that offer enhanced picture quality, energy efficiency and operational functionality, Samsung will work with Yesco Electronics to deliver durable, long-lasting displays geared for varied and extreme conditions.
Yesco Electronics was a subsidiary of the Young Electric Sign Company (Yesco), a privately-owned custom sign manufacturer.