Samsung acquires Liquavista for electrowetting displays
Eindhoven, The Netherlands--Liquavista BV has been acquired by Samsung Electronics in a buyout of all shares from the past shareholders.
Eindhoven, The Netherlands--Display company Liquavista BV has been acquired by Samsung Electronics in a buyout of all shares from the past shareholders. Under the terms of this acquisition, Liquavista will be a fully owned affiliate of Samsung Electronics. Liquavista manufactures electrowetting-based displays.
"We are thrilled by this event," said Johan Feenstra, Liquavista's founder and newly appointed CEO. He continued, "The outright acquisition of Liquavista by the largest electronics company in the world is the fulfilment of a strategy dating back to the original spin-out and, confirmation of the disruptive potential that our technology will have in the display market."
The acquisition has also resulted in a number of changes in Liquavista's management team. Johan Feenstra has succeeded Guy Demuynck as the company's CEO. "In the future, consumers will need products that not only support full color and video but offer readability in all lighting conditions and gives them ultimate freedom and portability." Johan Feenstra added, "Being part of Samsung, we can all be sure that Electrowetting Display Technology will find its way to the market in the fastest possible time."
SOURCE: Liquavista; www.liquavista.com/news_and_events/getRelease.aspx?ReleaseID=62
Posted by:Gail Overton
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