BRUSSELS Dec 19 Belgian visual technology
company Barco said on Wednesday it had acquired a
majority stake in a Norwegian projection technology firm to help
it push deeper into the mid-sized segment of the projection
Barco, whose main growth engine in recent years has been
digital cinema projectors, said it had bought a 61 percent stake
in projectiondesign from private equity firm Herkules Capital.
The remaining shares are held by minority shareholders.
Barco said the combination created a market leader in
projection for large- and mid-sized venues and helped Barco
expand into the mid-market segment and strengthen its number one
position in high-performance projection technology.
Projectiondesign develops and manufactures projectors for a
variety of professional markets, including training and
simulation, visitor attracts, such at a museums and theme parks,
and control rooms. It employs about 200 people and had 2011
sales of 57 million euros ($75.3 million).
No financial details of the deal were disclosed.
($1 = 0.7568 euros)
(Reporting By Philip Blenkinsop)