In a statement released to the press, AUO Display Plus has revealed it has obtained the required internal approval to pursue a proposed acquisition of
Avocor Technologies.
AUO Display Plus, a subsidiary of AUO Corporation (AUO), specialises in a range of vertical fields, including education, enterprise, retail, healthcare, and transportation. Together with its partners, AUO Display Plus develops display applications and provides integrated hardware and software.
The acquisition plan is expected to combine the operational synergy of both companies in product development, business operations, marketing, sales and R&D talent. The goal is to build a value chain within the display ecosystem, accelerating the development of smart education and enterprise sectors for AUO Display Plus.
The acquisition, once completed, will position Avocor for long-term growth and stability, providing a platform for enhanced developments in display technology. The alignment with AUO Display Plus will enable Avocor to accelerate its innovation pipeline, bringing products to market faster and more efficiently. There will also be benefits to supply chain, engineering and regional operations.
Since 2022, the leadership teams of AUO, ADP, and Avocor have worked together, laying the groundwork for this transition. As part of the agreement, Avocor CEO, Scott Hix, will assume the role of GM of AUO Education and Enterprise Business Group and CMO of ADP, bringing his expertise and leadership to the new structure.