Samsung Electronics Co. Ltd. has acquired Logan, Utah-based YESCO Electronics LLC, an LED sign and display manufacturer with more than 2,000 installations across the U.S. and abroad, according to an announcement from Samsung.
The company said its acquisition reinforces its entry into the LED display market, extending the reach of the company's technologies and expertise beyond large-format displays using LCD panels.
YESCO Electronics was a subsidiary of the Young Electric Sign Company, a privately-owned custom sign manufacturer.
"As the market for LED display technology continues to grow, we understood the critical importance of having the right experience to be successful in this area," said Seog-Gi Kim, senior vice president, visual display business, Samsung Electronics, in the announcement. "By combining the extensive expertise of YESCO Electronics in LED displays with our global network, business experience and world-class R-and-D team, we further validate our leading position and the value that we bring to our customers as a total solutions provider in digital display."
In light of the accelerated implementation of LED displays that offer enhanced picture quality, energy efficiency and operational functionality, Samsung said it will work with YESCO Electronics to deliver durable, long-lasting displays geared for varied and extreme conditions. YESCO Electronics' proven successes include sign and display execution in many of the markets Samsung serves, including retail, education, hospitality, corporate and transportation environments.
"The solid relationship between Samsung and YESCO will strengthen YESCO's position in the marketplace," said John Williams, CEO of YESCO Electronics. "This acquisition expands the presence of our services and systems across Samsung's vast global network, allowing a wider range of businesses to offer their customers a more impressive, eye-catching visual experience. YESCO Electronics will offer a broader range of world-class products to the customers as part of the Samsung Team."Optim tech co.,limited Optim tech co.,limited
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