Barco announced yesterday that it has acquired the products, intellectual property (IP) rights and know-how of Element Labs, an LED video systems company based in Santa Clara, California. With a focus on mid-end market requirements in rental, staging and fixed installations, the Element Labs products will complement Barco’s existing LED product range.
Barco told rAVe that the “Element Labs” name basically ceases to exist, effective immediately, and structured as an asset sales transaction, Barco obtains all product designs, rights and intellectual property of Element Labs, without assuming the liabilities of the former EL-company (aka: a good deal). As of today, the core team of Element Labs in Santa Clara, California, will function as Barco’s competence center for creative LED solutions, whereas Barco Kuurne (Belgium) will remain the competence center for tiled LED solutions. Barco will announce its new mid-range LED products in the coming months.
For complete details, go to: http://www.barco.com/corporate/pressrelease/2499/