NEC and Sharp to combine their display businesses in joint venture
NEC will transfer 66 percent ownership of NEC Display Solutions to Sharp
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
NEC and Sharp have agreed to create a joint venture by combining NEC Display Solutions (NDS), a subsidiary of NEC, with Sharp.
The new joint venture will allow both companies to build on their strengths and to address the visualization needs of their global customers.
NDS is a global provider of visual technology anddigital signagesolutions for a variety of markets while Sharp is a worldwide developer of business products such as professional and commercial displays as well as advanced technologies like next generation8K-Ultra High Definition monitors.
NEC Display Solutions and Sharp
In apress release, President of NEC Display Solutions Hisatsugu Nakatani explained how the joint venture between NEC and Sharp will benefit both companies' customers and partners, saying:
“NEC offers one of the broadest visual solutions portfolios in the industry, and with a consultancy-led sales approach, NEC is recognized as a trusted advisor and total solutions provider. This joint venture between Sharp and NEC Display Solutions will bring even greater value and benefits to customers and partners by extending our state-of-the-art product portfolios together with a range of professional service offerings. Sharp and NEC Display Solutions follow the same strategic approach to the future of visual solutions, focusing on superior customer satisfaction enabled by high quality products, sales leadership excellence and committed relationship building.”
Under the terms of the transaction, NEC will transfer 66 percent ownership of NDS to Sharp and the company will retain a 34 percent equity stake in the business.
The joint venture will continue to provide NEC branded products and the transfer is scheduled to be concluded by July of this year.
Are you a pro? Subscribe to our newsletter
Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed!
After working with the TechRadar Pro team for the last several years, Anthony is now the security and networking editor at Tom’s Guide where he covers everything from data breaches and ransomware gangs to the best way to cover your whole home or business with Wi-Fi. When not writing, you can find him tinkering with PCs and game consoles, managing cables and upgrading his smart home.
Mount-It Electric Standing Desk review
One more AMD eGPU docking station goes on sale — but it doesn’t have USB 4.0, can’t accommodate an M.2 SSD and requires an OCuLink connector to feed the RX 7600M XT chip
7 myths about email security everyone should stop believing
