BARCO acquires Metheus Corporation in U.S
BARCO Display Systems to strenghten its Medical Imaging Group and its Market share for C4I and ATC.
Metheus, headquartered in Beaverton, Oregon, USA was a privately held company that was founded in 1981 by Tektronix scientists and engineers who pioneered high-resolution color graphics workstations. The company, which is ISO 9001 certified, has been building reliable graphic controllers for medical imaging, air traffic management and command and control markets. Their engineers continuously develop products that are on the leading edge of today's technology. Their high design standards and rigorous quality control yield Imaging boards that have proven to be among the most reliable in the industry.
KORTRIJK, Belgium, 28 January, 1999 – The BARCO Group has signed an agreement to acquire the US-based Metheus Corporation (Beaverton, Oregon). In 1998 Metheus' annual revenue amounted to 9 million USD. The company is profitable. Both parties agreed not to disclose the price of the transaction. The combination of the two activities provides a unique opportunity to offer integrated display solutions with Metheus dedicated imaging boards for the medical market, the C4I (Command, Control, Communication, Computing and Intelligence) and the ATC (Air Traffic Control) market. With this acquisition, BARCO Display Systems further strengthens its Medical Imaging Group, and increases its market share for C4I and ATC.
BARCO’s Medical Imaging Group has established a solid reputation in the medical imaging market with high performance display technology for ultrasound, magnetic resonance, and more recently, with greyscale displays for X-ray, digital radiography and PACS applications (Picture Archiving and Communication System). For further expansion in the medical imaging field, BARCO’s strategy involves the combination of medical displays with dedicated imaging boards to offer a unique integrated solution to its customers. Since 1981, Metheus has been a successful player in the field of graphics controllers. In 1997 BARCO selected Metheus to become the supplier of its customized medical imaging boards.
« The combined resources of the two entities will provide unique opportunities in the medical market worldwide. BARCO can now offer complete integrated display solutions to its OEM (Original Equipment Manufacturers) customers worldwide. In addition, BARCO will continue to market and sell the existing and future Metheus product lines under the BARCO Metheus name. » says Luc Vandenbroucke, Managing Director of BARCO Display Systems and Vice President of BARCO N.V.
In addition to the medical aspects, this acquisition is also beneficial to BARCO's activities in the C4I and ATC business. The acquisition brings together the two most experienced design teams (Chromatics and Metheus), forming a world class development organization which can meet the increasing demands of both of these critical niche markets. All of the products from BARCO and Metheus will continue to be supported with extended service capabilities worldwide. It is the intention of BARCO to continue to grow in the C4I and ATC niche markets. BARCO will also pursue new business and program opportunities, and will continue to invest in strategic product development and product innovation to maintain its market leadership position.
All 40 Metheus US and UK associates, including the current management team, will remain in place. Products will be sold worldwide through the BARCO Display Systems sales organizations. BARCO will further invest in equipment and people. Metheus will add profit to the BARCO group.
This acquisition brings the total number of BARCO associates in the U.S.A. to over 800, some 150 of whom are active in Research & Development. The BARCO centers for R&D and manufacturing are situated in various states like Georgia, Massachusetts, Connecticut, California, Ohio and Oregon. Furthermore there is an extended network all over the U.S.A that enables BARCO to offer all its customers the necessary service.
Metheus will be integrated into the Imaging Systems division of BARCO Display Systems, headed by Jean-Pierre Paret, Division Manager Imaging Systems and will become the worldwide centre of expertise for the medical imaging boards. For the C4I and ATC markets and their sales and distribution worldwide, Metheus will join the Chromatics Division. Operationally, they will be under BARCO Display Systems America, headed by Dave Scott, General Manager and Executive Vice President of BARCO Display Systems America.
About BARCO Display Systems
BARCO Display Systems with operation facilities in both Kortrijk, Belgium and Atlanta, Georgia, USA, designs and manufactures high-resolution monitors, graphics controllers and display subsystems for highly demanding niche markets such as C4I, avionics, vessel and air traffic control, industrial process control, medical imaging and pre-press applications.
BARCO Display Systems is one of the six strategic activities of the BARCO Group, alongside BARCO Projection Systems, BARCO Graphics, BARCO Communication Systems, BARCO Automation and BARCO Machine Vision.
The BARCO Headquarters is based in Belgium.
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