Display manufacturers Leyard and Planar have announced their intention to acquire eyevis, a leading manufacturer of visual display solutions.
eyevis, based in Reutlingen near Stuttgart, is one of the leading providers and integrators of visualisation systems for professional applications in control rooms, broadcast, virtual reality and simulation. eyevis solutions include displays, graphics controllers, software and accessories.
Last December, eyevis GmbH entered preliminary administration to effect a restructure and seek new sources of finance.
It is intended that Teracue, a manufacturer and supplier of professional IPTV and video networking systems that was acquired by eyevis in 2014, will form part of the transaction.
According to Leyard and Planar, this geographic expansion will enable the companies to better serve customers in EMEA with combined marketing, sales, installation support and customer service. (Leyard acquired Planar Systems in 2015.)
“This acquisition demonstrates our ongoing commitment to further geographic expansion and investment, specifically in Western Europe,” said Marco Bruines, CEO of Leyard EMEA. “It’s a great opportunity to bring together Leyard, Planar and eyevis’ strengths and resources in customer service and distribution to build the world’s leading visual solution products for our existing customers and new markets.”
eyevis CTO Heiko Schaich said: “We are excited about integrating into a larger corporate environment and the enhanced possibilities for further development and sales opportunities. It will provide a path for future growth and bring stability to our partners and customers after the strenuous times eyevis has experienced in recent months.”
According to a report by industry analyst Futuresource in 2017, Leyard, which offers indoor, outdoor, fixed and creative displays, is the market leader in the LED display market.
The acquisition is subject to customary closing conditions and is expected to complete in the second quarter of 2018.