Video and data visualization specialist Barco announced that it has acquired a 61% stake Norway-based projection supplier projectiondesign from PE firm Herkules Capital. projectiondesign’s remaining shares are held by minority shareholders. Terms of the deal were not disclosed.
Headquartered in Fredrikstad Norway, projectiondesign employs about 200 people and had sales of approximately €57m in 2011. According to Barco CEO Erik Van Zele, the company is a “leader in market for projectors in the below 10k lumens range for professional markets. “
projectiondesign products are used in a variety of professional markets including training and simulation, visitor attractions, scientific visualization, corporate AV, and control rooms. Barco says that addition of projectiondesign to its portfolio creates a market leader in projection solutions for both large- and mid-venue markets, and advances Barco’s strategy to expand into the mid-segment of its target markets.
Barco also said that the deal will enables it to leverage its global sales channels, particularly in Asia and Latin America. projectiondesign has a strong presence in Northern Europe while Barco has strong sales coverage in Asia, Latin America and Europe.
Press Release: Barco acquires majority share in Norway’s projectiondesign
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