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Barco engages in a strategic partnership with Unilumin
Barco announces a strategic collaboration with Unilumin, a listed Chinese LED manufacturer. Barco has engaged in a wide-ranging partnership with Unilumin to secure the supply of LED display components, that allows broader penetration in its core markets with differentiated Barco LED visualization hardware and software solutions.
Both companies will also combine their competences and work together in the development of innovative technologies and new products. Barco and Unilumin have signed a strategic partnership agreement, supply agreements and a joint development agreement that governs the collaboration between the partners.
In addition, Barco plans to buy shares of Unilumin from Unilumin’s majority shareholder and CEO Mingfeng Lin, for an amount of approximately € 54 million in order to obtain a minority stake of 5%.
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