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Barco Acquires Mid-Range LED Solutions

Barco said it has acquired the products and intellectual property of Element Labs, an LED video systems company. Company officials said Element Labs' focus on mid-end market requirements in rental, staging and fixed installations complement Barco's existing high-end product range.

Barco said it has acquired the products and intellectual property of Element Labs, an LED video systems company in Santa Clara, Calif. Company officials said Element Labs' focus on mid-end market requirements in rental, staging and fixed installations complement Barco's existing high-end product range.

"This expands Barco's portfolio for the mid-range markets," Eric Van Zele, Barco's president and CEO, said in a statement. "Element Labs' products in these markets have proven their worth on many occasions and perfectly complement Barco's more high-end oriented market portfolio."

Paul Matthijs, vice president of Barco's Video and Lighting Solutions business, added, "Element Labs' products have added a spectacular dimension to numerous concerts, events, corporate headquarters, and flagship stores around the world. This transaction will help to accelerate the turnaround which is under way in our Video & Lighting activities, by enabling Barco to address a wider segment of the market, and further leveraging Barco's existing sales, marketing, and service capabilities."

Company officials said Element Labs will cease to exist as a brand. The core team of Element Labs in Santa Clara will operate as Barco's competence center for creative LED solutions, whereas Barco Kuurne in Belgium will remain the competence center for tiled LED solutions.

Barco said it will announce new mid-range LED products in the coming months.



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