UPDATE: The initial reported figure was wrong. The confirmed transaction value is €260 million that comes to around $347 million, which we’ve corrected below. Samsung Group through its subsidiary and affiliate has acquired German-based Novaled AG. Samsung Electronics, part of Samsung Group and its affiliate Cheil Industries Inc. will acquire a stake of 40 percent […]
Novaled
Samsung looking to acquire Novaled that specialises in OLED tech
UPDATE: Samsung and its affiliate, Cheil Industries has bought the company. More here. Back in 2011, Samsung’s Venture Capital arm, Samsung Venture Investment Corporation (SVIC) invested in a German company called Novaled. Now Bloomberg reports that the Samsung Group is in final stages to acquire Novaled. The confirmation also came from Cheil Industries – Samsung-owned […]
Samsung to invest in OLED tech-specializing Novaled
Samsung has confirmed that its Venture Capital arm, Samsung Venture Investment Corporation (SVIC) will invest in a German-based company called Novaled. Intrinsic details of the investment are not known but SVIC will become a shareholder in the company. Novaled specializes in PIN OLED technology that allows to reduce energy consumption while at the same […]