On September 10th, Barco announced a strategic collaboration with Unilumin, a leading LED manufacturer. Barco has engaged in this wide-ranging partnership to secure cost- competitive supply of high-quality LED display components, that allows broader penetration in our core markets.
“Barco’s heritage includes some of the most impressive customized LED installations all around the world.” says Jan De Witte, CEO of Barco. “However, LED technology continues to develop at a rapid pace and starts to open up interesting opportunities in mainstream markets in the Entertainment and Enterprise segments. With this partnership we are strengthening our global competitive play as we further expand the hardware component of our 'hardware + software + services' proposition towards our target markets.”
Unilumin offers Barco the capability to address the rapidly developing opportunity with cost-effective offerings and state-of-the-art technology. On the other hand, this partnership also enhances Unilumin’s opportunity to broaden its geographic market and access new applications with their leading technology.
Both companies will also combine their competences and work together in the development of innovative technologies and new products. While Unilumin has the capability and the knowhow to produce large volumes of quality LED products, Barco’s LED image processing platform guarantees unprecedented results in every situation.
Barco plans to buy shares of Unilumin in order to acquire a minority stake of 5% in the Chinese company.
Established in 2004, Unilumin is a Chinese company dedicated in LED product development and manufacturing. With a corporate vision of “Together, for a brighter future”, Unilumin contributes itself in delivering high-quality, high-performance LED solutions to their clients in 160 countries worldwide.
Unilumin’s excellence of innovation, first-class product performance and large-scale manufacturing ability, combined with Barco’s accumulated knowledge of LED and image processing solutions and the market in general is opening doors for a growing LED platform for Barco in the future.
Both companies are convinced that the mutual recognition of each other’s strengths will result in a win-win opportunity and a long-term beneficial partnership for everyone involved, including the customer.
Find the official press release here.