Coretronic completes Calibre acquisition16 August 2017
Calibre, the Bradford-based image processing technology manufacturer, has been acquired by Coretronic Corporation, which manufactures the largest number of DLP projectors in the world, and is an ODM supplier to Tier 1 DLP projector brands.
The acquisition expands Coretronic’s technology capability with the addition of Calibre’s range of HQUltra image processing technology and in-house R&D capabilities.
“It reflects Coretronic’s strategy to strengthen its leading position in display and image processing technology with a rich set of capabilities afforded by the Calibre team,” said SY Chen, president at Coretronic, Taiwan. “This will help Coretronic Group with its plans to further advance in the pro AV markets as well as assisting with entry into the rapidly expanding direct-view LED display markets.
“The acquisition will accelerate the company into new markets as well as to help Coretronic continue to drive its move to being an all-round display systems provider. In particular Calibre will leverage Coretronic Group’s wide reaching sales coverage and growing pro AV channel sales, particularly in Asia, North America and Europe.”
Former Calibre CEO, Tim Brooksbank will lead as managing director of Calibre UK, now a wholly owned subsidiary of Coretronic.
“We’re delighted to become part of the Coretronic family,” said Brooksbank. “We share a common entrepreneurial ethos driven by market development, innovation and above all customer satisfaction. This opens up new opportunities for Calibre’s technology, products and staff as part of the worldwide Coretronic Group.”