Mergers and Acquistions News
Categories: Hardware
January 21st 2011, 16:45PM
Electronics firm Samsung makes its return to M&A with the takeover of user interface business Liquavista, as it looks to expand in the smartphone display market.
Samsung did not disclose financial terms of the deal, which closed in December.
Netherlands-based Liquavista, which was founded in 2006 as a spin-out from Philips Research Labs, offers a technology known as electrowetting for applications in e-readers, mobile phones, media players and other devices.
Electrowetting enables the creation of displays with bright, colourful images that consume ten per cent of the battery power that existing interface technologies do.
Samsung intends to use electrowetting in e-paper and transparent displays.
"As electrowetting can be manufactured by modifying existing LCD production lines, Samsung will be able to realise significant synergies through the utilisation of existing manufacturing equipment and capabilities," the firm said in a statement.
Johan Feenstra, who replaces Guy Demuynck as Liquavista's chief executive officer, said the acquisition will speed-up the "disruptive potential" that electrowetting technology will have in the display market.
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