• NEC Display Solutions becomes a subsidiary of Sharp Corporation

        • Sharp Corporation has decided and agreed with NEC Corporation to acquire 66 per cent of the shares of NEC Display Solutions Ltd (NDS), a subsidiary of NEC, to become a subsidiary of Sharp and to be jointly operated with NEC as a joint venture.

          NDS is in charge of BtoB display business within the NEC Group, with LCD display, and professional projector solutions at its core development worldwide. Meanwhile, Sharp develops its BtoB display business with LCD display, electric whiteboard, professional projector, and 8K related equipment etc. in the Japanese market.

          NDS holds strengths in the global market centring in Europe and North America, while Sharp has its strengths in the Japan market, making both parties mutually complementary, and various synergy effects can be expected by establishing a joint venture, such as scale merit, cross-selling of products, and business expansion in new categories such as LED display and 8K+5G Ecosystems with mutual cooperation.

          Like the above, Sharp views that making NDS its subsidiary and also a joint venture with the NEC Group will contribute to Sharp’s business growth by enforcing its BtoB business and expanding sales etc. and decided to acquire a majority of NDS shares.

          66 per cent of NDS shares will be transferred from NEC to Sharp. The shares currently partially owned by NEC Networks & System Integration Corporation are scheduled to be transferred to NEC prior to the share transfer to Sharp, and NEC will hold all shares of NDS at that time.

          With the above, NDS will become Sharp’s subsidiary as Sharp will hold 660/o of its shares. NEC will continue to hold 340/o of its shares to make NDS a joint venture between Sharp and NEC. Also, the following four subsidiaries of NDS will become Sharp’s subsidiaries with the above transfer of NDS becoming Sharp’s subsidiary.

          The impact of this transaction on consolidated performance is minor.

        • Stay up to date - Click here and register for FREE OEN online membership and enjoy unlimited access to a host of benefits including the exclusive members area of the website, downloadable business tools, current and back issues archive, priority breaking news alerts, weekly e news summary and the OEN app

        • Related Articles

        • DURABLE Monitor Mounts receive duo of awards

          DURABLE Monitor Mounts receive duo of awards

          Wednesday 30th Jun 2021 by clareb
          Receiving praise for ‘exceptional innovative achievement’ and a ‘successful marriage of form and functionality,’ DURABLE’s Monitor Mounts have been recognised by both the German Design Council and the jury of the iF Desi...Read More...
          Barnsley NHS Foundation Trust selects Lexmark for MPS

          Barnsley NHS Foundation Trust selects Lexmark for MPS

          Monday 21st Jun 2021 by clareb
          Lexmark has been chosen by Barnsley NHS Foundation Trust (BHFT) as its supplier of choice for Managed Print Services (MPS). BHFT serves a population of over a quarter of a million people in the Barnsley area.  Lexmark will initially i...Read More...
          New DURABLE Info Pockets

          New DURABLE Info Pockets

          Wednesday 9th Jun 2021 by clareb
          DURABLE has launched a new range of self-adhesive Info Pockets that stick to all glass surfaces, even curved windows. They are also heat and UV resistant so suitable for shop windows, counters, windscreens and more. Displays can be changed quickly an...Read More...
                • About Us

                  OEN is the leading source of business news and information for buyers of office equipment, supplies and services within mid tier and up sized organisations. Our multi-platform approach delivers relevant, engaging and focussed content via our main printed magazine, bespoke guides and supplements, website, digital editions, apps, and newsletters with an unrivalled reach across the industry. A highly trusted and respected brand for many years, the print version of OEN last year celebrated its Diamond anniversary.

                  For our latest Media packs and more details on our range of services click here

                • View Latest Issue