July 20, 2010
Kortrijk, Belgium – Barco has announced it
has signed an agreement to acquire
Belgium-based digital signage solutions company dZine.Through this
acquisition, Barco significantly broadens its current offering of
digital
visualization products with the addition of advanced software tools for
content
creation and management.
The total
acquisition cost for Barco at the time of the transaction is less than 1
time
annual sales of dZine excluding an earn-out provision over the next two
and a
half years. Barco's acquisition of dZine fits within the company's
broader
strategy to position itself as a total value-added solutions provider in
the
digital signage market. “Barco and dZine have a common philosophy of
bringing
innovative, customer-centric digital signage solutions to the high and
mid-range markets via partnerships with leading distributors and
resellers. By
joining forces, both our companies will be able to open up new sales
opportunities, which will strengthen our position in the digital signage
market
for years to come,” stated Paul Matthijs, Vice President of Barco's
Video and
Lighting Solutions Division.
“Bringing Barco's exceptional hardware know-how and dZine's extensive
content
creation and management software expertise together under one roof will
offer
customers the benefits of a 'one stop' solution for their entire digital
signage project needs, be it indoor or outdoor,” comments Filip
Pintelon,
Senior Vice President Barco and President Business Group Media,
Entertainment
and Simulation.
Founded in 1992, dZine has gained a solid reputation in the digital
signage and
professional mobile solutions markets. Its products and solutions are
widely
acclaimed and have been installed in more than 55 countries around the
globe. The
company recently won the 'Best Digital Signage' Award from a global
trade
association for marketing at retail, POPAI, for a multi-display digital
escalator project.
As of today, dZine's core team, based in Kortrijk, Belgium, will
function as
Barco's center of competence for digital signage technology. Luc
Deconinck,
General Manager of dZine, stated: “We are excited to join the big Barco
family.
Teaming up with a globally recognized brand such as Barco will permit us
to
increase our reach and to extend our existing sales, marketing, and
service
capabilities.”
For more information, visit www.dzine.be and
http://www.barco.com/
|