Signage business for sale as Harris divests broadcast4 May 2012
Harris Corporation has announced its intention to sell off its Broadcast Communications business, which includes its digital signage division.
“The decision to divest Broadcast Communications resulted from a thorough review of our business portfolio, which determined that the business is no longer aligned with the company’s long-term strategy,” said president and CEO William Brown.
A Harris spokesman told Installation Europe that, while digital signage is in some ways discrete from other Harris business units, it runs in a completely integrated fashion within the company.
Following Brown’s arrival at Harris last November, the company has changed its strategy from one of diversity to one of concentrating on core business – primarily military and government communications networks.
Harris Morris (pictured), president of Harris Broadcast Communications, said: “The decision to divest in no way reflects the quality of the work Broadcast Communications performed in support of our customers and our company. Harris simply determined that Broadcast Communications could provide higher value and operate more effectively under a different ownership model. In the interim, Broadcast Communications will continue to be a part of Harris Corporation and operate business as usual.” www.harris.com