The new Sharp NEC Display Solutions begins its operations in the AV and collaboration market

Active since 1 November, both Japanese companies have completed their already announced transaction, after the acquisition of 66% of the shares of this NEC subsidiary, to form the current SNDS.

Sharp Corporation y NEC Corporation have completed the previously announced transaction to form a joint venture in the audiovisual and collaboration environment, in which the first acquired the 66% of NEC Display Solutions shares (NDS), an audiovisual subsidiary of the Japanese company.

After this process, NDS has changed its company name to Sharp NEC Display Solutions (SNDS) and has commenced commercial operations as a subsidiary of Sharp since 1 November 2020.

The newly formed SNDS will continue its focus on the professional display business, producing and developing a wide range of display solutions for a variety of markets and applications.

Hisatsugu Nakatani, presidente de NEC Display Solutions, He will also serve as president of SNDS, while Fujikazu Nakayama, CEO and President of Sharp Business Solutions, will be the president of the council.

This new company “represents a continued commitment to the display solutions business.”. Both the Sharp and NDS businesses are market-leading brands in the production and development of visual solutions., and the Sharp-NEC joint venture will result in a wide range of synergies”, according to the company statement.

The new SNDS “addresses this new opportunity with plans to continue offering innovative and high-quality solutions to its customers around the world”.