Planar Acquires Clarity for $46 Million
If you ever wondered how much it would cost to get Clarity, the answer is $46 million (plus $6 million worth of debt). That’s how much Planar will pay to acquire the digital signage company in a deal announced Wednesday. This is part of a larger campaign on Planar’s part to extend its reach in the specialty display market. Gerry Perkel, Planar president and chief executive officer, explains, “Planar’s financial strength has provided the flexibility to pursue attractive growth opportunities that integrate our flat panel display technology and go-to-market expertise with the specialized skills and product focus of a company like Clarity.”
Along with the company, Planar will be acquiring Clarity’s “Coolsign” brand which has sold signage to banks, vendors, casinos and the hospitality industry. In addition to digital signage, Clarity focuses on a number of command and control display products ranging from traffic control to telecommunication.
Clarity net sales for the year ending June 30, 2006 totaled $59 million. Their sale to Planar is expected to close in Q1 2007 at the latest.
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