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VIENNA - Incergo S.A., a holding company, has announced it is set to acquire Visual Semiconductor, Inc. (VSI), a U.S.-based company specializing in advanced 3D display technology. The acquisition, valued at up to EUR 53 million, will be conducted through a loan note that is expected to convert to shares at EUR 2.00 each, pending regulatory approvals.
VSI has been recognized for its development of glasses-free 3D technology, which is used in various applications such as live events, digital advertising, and cinemas. The company’s innovative 3D ASIC chips are designed to provide immersive experiences without the need for special eyewear.
Mathu Rajan, Founder & CEO of VSI, expressed optimism about the acquisition by Incergo, highlighting the opportunity for VSI to scale its commercialization efforts, particularly for its 3-D televisions. Incergo’s management team also commented on the acquisition, indicating it aligns with their strategy to enhance shareholder value over the long term.
The transaction is still subject to the finalization of agreements and the receipt of customary regulatory approvals. Both companies have agreed to provide further updates as the acquisition process moves forward.
This strategic move by Incergo S.A. reflects an ongoing trend in the technology sector where companies are consolidating to leverage emerging technologies and expand their market reach. VSI’s proprietary technology offers a unique viewing experience that could potentially disrupt the traditional 3D display market.
The information in this article is based on a press release statement.
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