Kortrijk, Belgium, 17 March 2009 – Barco announces it has acquired the products, intellectual property (IP) rights and know-how of Element Labs, an LED video systems expert based in Santa Clara, California. With a focus on mid-end market requirements in rental, staging and fixed installations, the Element Labs products complement Barco’s existing high-end product range.
Through this transaction, Barco strengthens its position as a leading provider of LED, projection, image processing and lighting products. This comprehensive product portfolio allows Barco to serve customers with different budget levels in the media and entertainment market. Barco will not book any goodwill on this transaction.