Clarity Visual Systems (Clarity) has announced the acquisition of the international assets of Synelec Telecom Multimedia S.A., a digital display company based in France. The Synelec purchase adds depth to Clarity’s digital imaging product line and expands the engineering, sales and distribution resources that will position Clarity as the worldwide leader in digital messaging solutions. The acquisition extends Clarity’s reach from existing offices in the UK and The Netherlands. Terms of the deal were not disclosed.
Clarity’s purchase of Synelec (www.synelec.com) assets, a business with $30 million in reported revenue in 2004, includes its headquarters facility in southwestern France and approximately 70 employees, pushing Clarity’s total employee count to 185 worldwide. The purchase adds over 1,200 display system installation sites around the globe to Clarity’s installed customer base which includes the NASDAQ in New York, Madrid Metro in Spain, SNCF Railway in France and NTT DoCoMo in Japan. UK customers include Reuters, Scotland Yard and Sainsburys.
“This acquisition expands our market share globally and allows us to aggressively penetrate the high end control room markets where Synelec has been so successful—in transportation, telecommunications and utilities,” said Paul Gulick, chief executive officer of Clarity. “As we integrate the strengths of a well-known, European-based company, we will be better equipped to deliver complete solutions to our digital visual messaging customers worldwide.”
Gulick said initially both companies would continue to market their respective product lines through established channels. Over time, Clarity will look for opportunities to integrate the brands and product lines to take advantage of synergies as they emerge.
“There is a natural synergy between our two companies due to our shared history of innovation,” said Gil Souviron, former chief executive officer of Synelec. “This acquisition will assure our customers we will expand our offerings, continue to provide and support high-quality products and ensure that our business partners have our complete and, now extended, worldwide support for their efforts to sell our products in a global marketplace.”
Clarity plans to maintain Synelec technical and sales offices and intends to retain a majority of the Synelec team including Souviron. With the acquisition, Clarity will add international sales offices in France, Italy, and China to its existing offices in the Netherlands and the United Kingdom. Company headquarters will be maintained at Wilsonville near Portland, Oregon, USA.
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