AUO Display Plus (ADP), a subsidiary of the Taiwanese company AUO Corporation (AUO), has obtained the required internal approval to pursue a proposed acquisition of Avocor Technologies, the Oregon-based provider of collaborative communication solutions.
According to a statement, the parties are now in the process of finalising the detailed terms and conditions of the proposed acquisition and will work together to reach final terms.
AUO Display Plus specialises in a range of vertical fields, including education, enterprise, retail, healthcare, and transportation. Together with its partners, AUO Display Plus says it develops value-added display applications and provides integrated hardware and software solutions.
The acquisition plan is expected to combine the operational synergy of both companies in product development, business operations, marketing, sales and R&D talent. The goal is to build a comprehensive value chain within the display ecosystem, accelerating the development of smart education and enterprise sectors for AUO Display Plus.
Avocor was founded in 2016 with a mission to create user-friendly display solutions that transform how people work and learn. Avocor focused on developing technology that bridges the gap between digital and physical interaction, making it easier for people to share ideas, engage in discussions, and collaborate.
Avocor said in the statement that the acquisition, once completed, will position it “for long-term growth and stability, providing a platform for enhanced developments in display technology”.
The alignment with AUO Display Plus will enable Avocor to accelerate its pipeline, bringing cutting-edge solutions to market faster and more efficiently. There will also be benefits to supply chain, engineering and regional operations.
Since 2022, the leadership teams of AUO, ADP, and Avocor have worked closely together, laying the groundwork for a seamless transition. As part of the agreement, Avocor CEO, Scott Hix, will assume the role of GM of AUO education and enterprise business group and CMO of ADP.
