Barco begins talks to...

Barco and ETC have announced they are in discussions which would see Barco sell High End Systems to ETC. Barco bought High End in 2008 for $55m ( 52m).

The completion date for this deal is unknown at present, but a statement said both parties are committed to moving forward with a successful transaction.

Wim Buyens, senior VP of Barco's Entertainment division, commented, For Barco, the envisioned divestment of its lighting activities is in line with its strategy to sharpen the focus on its core activities. We believe joining forces with ETC would enable High End Systems to realise its full business potential, while providing ongoing support and opportunity development for its customers, and we appreciate ETC's commitment to maintain High End's operations in Austin and fully support the development of High End's products.

Fred Foster, ETC CEO commented, ETC has been executing a strategy to grow our company. We want to offer our employee-owners opportunities for greater personal success and continue to give our customers innovative products and services. We see adding HES to the ETC family as an opportunity for both of those things. Our plan is to continue High End operations from their current location in Austin, TX. High End products like the Sola family of LED automated fixtures, Wholehog consoles, and Axon media servers are innovative tools for the live-events industry. Our intention is to make the investments needed in order to restore these products and the High End brand to market-leader status.

LINK:	http://www.inavateonthenet.net/news/article/barco-begins-talks-to-sell...
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