Planar begins process of acquiring Clarity
Jul 27, 2006 8:00 AM
Planar announced its intention to acquire all of the outstanding capital stock of privately-held Clarity Visual Systems for approximately $46 million in cash and Planar stock, subject to certain purchase price adjustments to reflect changes in balance sheet items and the number of outstanding shares of Clarity capital stock. Clarity provides command and control digital displays and digital signage hardware and software systems for wide-ranging applications — a market segment Planar says it wants to penetrate.
Clarity’s command and control products include premium display solutions targeted at a wide range of market applications, including transportation and traffic control, security and defense programs, energy, broadcast and telecommunication segments. The company is a leader in market applications where large-screen, multiple integrated displays create a wall of information. The company’s information processing hardware and software solutions control the display of information from a wide variety of sources to the display system application. The market for command and control room visual systems was estimated by iSuppli at more than $400 million globally in 2005 and is forecasted to grow more than 15 percent annually.
For more information, visit www.clarityvisual.com/products-services.
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