Sharp has acquired 66 per cent of NEC Display Solutions (NDS), a subsidiary of NEC Corporation, with NDS becoming Sharp NEC Display Solutions Ltd (SNDS) and operating as a subsidiary of Sharp. The newly formed ‘joint venture’ will continue to focus on the B2B display market, producing and developing a broad range of solutions for a variety of markets and applications.
Fujikazu Nakayama, senior executive managing officer and business solutions BU president of Sharp, will serve as SNDS chairman, whilst Hisatsugu Nakatani, president of NEC Display Solutions, will serve as SNDS president.
The official press announcement states: “This new company represents an ongoing commitment to the display solutions business. Both Sharp and NDS display businesses are two market-leading brands in the production and development of visual solutions, and the Sharp-NEC joint venture will result in a wide range of synergies… SNDS approaches this new opportunity with plans to continue delivering high-quality, innovative solutions to its customers around the world.”