NEC Corporation, one of the worlds's leading providers of internet, broadband network and enterprise business solutions, NEC Viewtechnology, Ltd. and NEC Display Solutions, Ltd. today agreed to merge the projector business of NEC Viewtechnology and the display monitor business of NEC Display Solutions, effective as of April 1, 2007. NEC Display Solutions will be integrated into NEC Viewtechnology, which will change its name to NEC Display Solutions, Ltd. Yoshiaki Tsuda has been named as the President of the new company.
After integration, the overseas subsidiaries of the new company, NEC Display Solutions Europe GmbH., in close collaboration with European sales companies of NEC, and NEC Display Solutions of America, Inc., will lead the visual display products (projectors, LCD monitors and PDP monitors) and solutions businesses in Europe and North America respectively.
Since its establishment in January, 2000, NEC Viewtechnology has brought an award-winning, technologically advanced lineup of projectors to a broad range of customers in the digital cinema and mobile arenas. In that time, it has also achieved a strong global presence, with overseas sales of approximately 90%. In 2006, NEC Viewtechnology emerged as the no.2 worldwide leader in the business projector market.
"The merger of these two NEC visual display businesses is expected to not only increase operational efficiencies, but also to create a number of added benefits for our customers, including the provision of new and more innovative solutions, unmatched worldwide. We are committed to growing and expanding along with our customers." said Takashi Ogawa, President of NEC Viewtechnology.
NEC Display Solutions, established in January, 2000, currently delivers high-quality large-screen monitors for public information and public display, award-winning desktop displays, and dynamic digital signage solutions to its diverse range of business and consumer customers. Through its own development, manufacturing and sales functions, NEC Display Solutions has achieved strong, global supply chain management, which has propelled it to the no.1 position in the stand-alone corporate LCD monitor market in the U.S. for CY2005, and the no.3 position in the stand-alone corporate LCD monitor market in Europe for FY2005 (*3). Currently, 90% of its sales originate outside of Japan.
"Integrating the strong technological competence of NEC Viewtechnology and NEC Display Solutions will enable us to offer an unbeatable lineup of products and solutions," said Yoshiaki Tsuda, President of NEC Display Solutions. "Our merged strengths will undoubtedly empower more accurate and flexible response to increasingly diverse and sophisticated customer needs, positioning us as the no.1 trusted company to deliver by far the best visual products and solutions in the market."
NEC Viewtechnology and NEC Display Solutions have expanded their businesses leveraging strong, global supply chain management and market-leading technologies. The new NEC Display Solutions, Ltd. will combine the management resources of both companies to strengthen the development, manufacturing and sales of NEC's visual display equipment business. A stronger, more streamlined structure will ensure faster response to diversified market needs, allowing NEC Display Solutions, Ltd. to provide its customers with premium visual display products and solutions. The strategic move is expected to accelerate NEC's global market growth, putting it in an optimal position to become the no.1 provider of display solutions worldwide - NEC.
Posted January 26th, 2007 by Nymphadora
