Barco and the shareholders of Elprinta reach agreement about the sale of the Prints activity of the division Barco Manufacturing Services
Kortrijk, 18 December, 2006. Barco announces that an agreement has been reached with the shareholders of the family-owned company Elprinta about the sale of the Prints activity of the division Barco Manufacturing Services. The transfer will become effective on 1 January, 2007 en will have a marginal impact on the results of Barco.
The Prints activity of the division Barco Manufacturing Services, with a facility in Poperinge, Belgium, is specialized in manufacturing high-end printed circuit boards for prototypes and smaller series. Single-sided, double-sided and multilayer printed circuit boards are produced that are destined for various industrial markets. Besides supplying the other Barco divisions with printed circuit boards, the Prints activity also serves the external market.Barco had announced earlier that it did not want to invest any further in the subcontracting activities of the division Barco Manufacturing Services.
Elprinta, with headquarters in Moeskroen, Belgium, has been active in the same market as the Prints activity of Barco Manufacturing Services for more than 2 decades and supplies small to medium-sized series to e.g. the industrial, automotive and consumer markets.
59 of the 80 employees of the Prints activity will be transferred to Multiboard, which is the new company name of the facility in Poperinge. The remaining employees have either moved to other divisions within Barco or have left the company, some under an early retirement scheme.
About Barco
Barco, a global technology company headquartered in Kortrijk, Belgium, designs and develops visualization products for a variety of professional markets. Barco has its own facilities for Sales & Marketing, Customer Support, R&D and Manufacturing in Europe, North America and Asia Pacific.
For fiscal year 2005, Barco posted net sales of euro 712.0 million.
Barco’s ordinary shares are listed on the Brussels/Euronext stock exchange. Barco is a BEL 20 and a Next 150 company. Share information may be accessed on Bloomberg under the symbol BAR BB and on Reuters under BARBt.BR.
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