BARCO ACQUIRES MAJORITY SHARE IN PROJECTIONDESIGN
Barco (Kortrijk, Belgium) has acquired 61% of projectiondesign’s Fredrikstad, Norway) shares from private equity fund Herkules Capital (Oslo, Norway). The remaining shares of projectiondesign are held by minority shareholders. The transaction advances Barco’s strategy to expand into the mid-segment of its target markets and to strengthen its position in high-performance projection technology.
projectiondesign develops and manufactures compact projectors for professional markets, including training and simulation, visitor attractions (museums, theme parks), scientific visualization, collaboration rooms (corporate AV) and control rooms. The company custom designs and develops all optics, hardware, software and industrial design for each projector model in-house. Founded in 2001, projectiondesign has 17 international offices, employs about 200 people and achieved sales of about €57 million in 2011.
According to Jørn Eriksen, President of projectiondesign, “Barco, being a European-based world leader in large venue projection, is the perfect match for projectiondesign. Barco represents world class competencies in three-chip DLP, while projectiondesign is well renowned for its innovative one-chip DLP projectors.” He added, “Together, we combine an unsurpassed lineup of highly competitive premium projectors for mid-size and large venues, with the broadest distribution across both specialty and corporate AV markets. This was an unusual opportunity to join forces with one of the strongest players in the projection industry that we simply could not ignore.”

MARTIN PROFESSIONAL GOES TO HARMAN
Harman (Stamford CT) has reached an agreement to acquire Martin Professional A/S (Aarhus, Denmark), a provider of lighting solutions for the entertainment, architectural and commercial sectors founded in 1987, for €110 million. Subject to regulatory approvals and customary closing conditions, the deal is expected to close early in 2013. According to the companies, this transaction will create a One-Stop-Shop for the professional entertainment market. Adding Martin to Harman’s $4.4 billion organization and combining two of the largest R&D budgets in the audio and entertainment lighting industry will enable the companies to grow and improve the lighting and video product offering to the benefit of all existing and new customers.
“We look forward to welcoming the talented employees and dynamic innovations of Martin Professional to the Harman organization,” said Dinesh C. Paliwal, Chairman/President/CEO. “This acquisition will be an excellent complement to our professional business serving all our global markets, including the fast-growing BRIC nations. With the acquisition of Martin Professional, our strategy to provide system solutions to our customers will be further enhanced as we will be able to offer a full audio and lighting electronics solution for the live stage and events, as well as permanent avenues and installations. We look forward to unlocking this new business potential.”
Blake Augsburger, Executive Vice President and President of the Harman Professional Division, stated, “Martin product lines are an excellent complement to our professional audio business.…We will be able to offer a full lineup of audio, lighting and video solutions for the live stage as well as permanent venues and installations.”
“We are excited at the prospect of a strong integrated solution incorporating Martin Professional’s products with Harman’s professional audio brands and technologies,” said Martin President Christian Engsted. “Our customers expect increasingly advanced and integrated solutions and Harman’s rich portfolio of technologies will enable us to drive new business opportunities.”
Martin Professional will continue as an independent business unit within the Harman Professional Division, with the existing points of contact.


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PEERLESS-AV LAUNCHES TECHNOLOGY DIVISION
Peerless-AV (Aurora IL), supplier of audiovisual mounting solutions and accessories, has launched the Peerless-AV Technology Division, dedicated to digital content delivery solutions for the commercial and residential markets. The division will expand the company’s existing technology portfolio, including wireless connectivity, wireless broadcast, kiosk, digital audio and touch products, to provide a comprehensive catalog of digital content delivery tools for AV dealers, distributors, integrators and installation professionals. The product line also includes wireless flatpanel and projector mounts, wireless AV carts and stands, kiosk enclosures, wireless digital audio connectivity solutions and touch-enabled pens and pointers for uses, such as interactive business and classroom presentations. The division is equipped with its own engineering, product development, product management, field applications engineering and customer care staff, as well as select manufacturing capabilities and testing facilities for all products, setting the stage for major innovations while also ensuring technical support for channel partners, the company stated.
Peerless-AV, a Peerless Industries, Inc., company, manufactures more than 3600 products that serve original equipment manufacturers, commercial integrators and consumer retailers in 22 vertical markets through direct sales representatives and authorized distribution.

MOOD MEDIA ACQUIRES TECHNOMEDIA SOLUTIONS
Mood Media Corp. (Concord, ON, Canada), designer of in-store consumer experiences, including audio, visual, interactive, scent, voice and advertising solutions, has acquired the assets of Technomedia Solutions and sister company, GoConvergence, both of Orlando FL, for about $23 million in cash plus contingent consideration payable in 2014, which is based on the profitable growth of the operations. Technomedia Solutions and GoConvergence provide media and technology innovations for multiple industries, including retail, hospitality, theme parks, performing arts, museums, special venue, education and others. Formed in 2001, Technomedia’s clients include Abercrombie & Fitch, Hard Rock Café International, Cirque du Soleil, Wanda Group, as well as leading entertainment and education clients globally. In 2012, Technomedia was expected to generate annual revenues of $43 million and EBITDA of $5.7 million.
“Technomedia’s leadership in the entertainment, education and consumer experience categories worldwide will not only be a core focus of our collective growth and development plan, they are a great fit with our assets and strategy of transforming the point-of-sale environment using cutting-edge media and technology solutions,” stated Lorne Abony, Chairman/CEO of Mood Media. “We see substantial opportunity to leverage the strengths of our combined businesses to build a truly first class consumer-experience powerhouse.”
“The transaction will be immediately accretive to Mood Media’s shareholders while accelerating the growth profile and competitive positioning of the combined businesses. We are excited about the opportunity ahead and look forward to utilizing our combined strengths to build on what Technomedia has established in concert with Mood’s initiatives to help our customers achieve their goals.”
In May 2011, Mood Media acquired the assets of
Muzak.

INDUSTRIAL VIDEO LLC CHANGES NAME TO IVIDEO TECHNOLOGIES LLC
Industrial Video LLC, headquartered in Cleveland OH, with additional offices in Columbus and Cincinnati, has changed its name to iVideo Technologies LLC. According to the company, now in its 45th year, its new name is also a reflection of the company’s past as iVideo Technologies will continue to serve clients through its http://www.ivideo.com website. Tim Czyzak, President, said, “When Industrial Video was founded in 1968, its name was representative of our services; however, with technological advances in our industry, our name became less of a representation of who we are and what we do. As a niche information technology firm focused on engineering, installing and supporting advanced audio, video and broadcast systems, iVideo Technologies is a name that will support our growth for the next 45 years.”

The company’s client base ranges from Alabama to California, and covers diverse end markets including health care, hospitality, house of worship, corporate, education, municipality and broadcasting. By representing more than 150 leading equipment manufacturers, iVideo Technologies offers a wide range of solutions. It is the largest audio, video and broadcast technologies company in Ohio and one of the largest in the country, according to the company.

SHURE DISTRIBUTES DIS PRODUCT
Effective January 1, 2013, Shure Inc. (Niles IL) began distributing conferencing products manufactured by Danish Interpretation Systems (DIS), a division of Informationsteknik Scandinavia Group of Copenhagen, Denmark, which Shure acquired in February 2011. “When we acquired Informationsteknik two years ago, we saw it as an opportunity to significantly strengthen our position in the installed sound market, specifically conferencing, by increasing our presence with customers in the corporate, government and education sectors,” said Mark Humrichouser, General Manager of the Americas Business Unit at Shure. “We want to continue to build on the successful foundation of the DIS brand by using our strong, well-established network of sales reps throughout the US and engaging our talented market development team with these customers.”DIS conference electronics provide conference solutions to the global meeting industry, offering solutions for simultaneous interpretation, discussion, voting, language distribution, online streaming of meetings and software management.

“In the US, we recently adapted our organization to better fit the needs of our customers with the creation of our Systems Support Group,”Humrichouser added. “With multiple layers of support now available, we are well-positioned to take over distribution of DIS products.”
Former distributor of DIS products, Listen Technologies(Bluffdale UT), now distributes Televic Conference (Izegem, Belgium) in the US.

CASIO CREATES DIGITAL SIGNAGE BUSINESS
Casio America, Inc., (Dover NJ) and its parent company, Casio Computer Co., Ltd., plan “to revolutionize storefront advertising by launching a new digital signage business” at the end of this month. Driving this business is Casio Signage, a newly developed tool for helping retailers gain an edge over the competition by attracting new and repeat customers. According to Casio, “Storefront advertising needs to catch the attention of customers and be interesting and relevant enough to entice them to enter. The Casio Signage business takes a revolutionary new approach, leveraging optimum advertising tools and cloud services to attract new customers and increase repeat business.”

“Casio Signage offers a unique way to make audiences feel welcome and deliver content in a more personal manner than simple words or images,” said Shigenori Itoh, Chairman/CEO of Casio America, Inc. Casio Signage is a storefront advertising tool with the ability to captivate passers-by with a realistic-looking character that talks to them. Using a custom-designed screen shaped like a character, content is created to match the characteristics needed to bring people into a store. The character’s appearance and voice can be changed easily to keep customers from losing interest and to increase store traffic. Casio Signage requires no installation work. It also offers multilingual support or multifunctional options creating a fully customizable system with content that is most relevant for the customer base.

RENKUS-HEINZ APPOINTS SCOTT LESLIE AS PRESIDENT
Renkus-Heinz (Foothill Ranch CA) has appointed Scott Leslie to the position of President. Formerly Vice President of Engineering with JBL Professional, Leslie’s background includes stints at technology companies, including Sun Microsystems, Tektronix and Altec Lansing. Leslie is founder of Evidant Corporation, providers of Business Intelligence for IT solutions, where he has held executive-level positions since 2002. According to Renkus-Heinz, despite the economic downturn, the company has seen a substantial surge in sales and has significantly grown its engineering staff. Leslie’s new position will see him spearheading the company’s continued expansion, working closely with company founder and Chairman Harro Heinz.


 

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