Samsung Electronics Acquires LED Display and Sign Company YESCO Electronics

Korean company Samsung Electronics Co., Ltd. reported that its has acquired
of U.S.-based LED display maker YESCO Electronics. The Logan, Utah-based
company produces LED sign and displays boasting more than 2,000 installations
across the U.S. and abroad.

The acquisition effectively extends Samsung’s technology reach beyond the
large format displays employing LCD panels into LED displays and signs for
applications in education, retail, hospitality, corporate, and transportation
environments. YESCO Electronics was a subsidiary of the Young Electric Sign
Company (YESCO), a privately-owned custom sign manufacturer.

YESCO produces LED displays (not including LED backlit or edge lit) that
offer energy efficiency and enhanced picture quality. Samsung plans to work
with YESCO Electronics to provide durable, reliable, and long-lasting displays
targeting varied and extreme conditions.

“By combining the extensive expertise of YESCO Electronics in LED
displays with our global network, business experience and world-class R&D
team, we further validate our leading position and the value that we bring to
our customers as a total solutions provider in digital display,”

said Seog-Gi Kim, senior vice president, Visual Display Business, Samsung
Electronics.

“The solid relationship between Samsung and YESCO will strengthen
YESCO’s position in the marketplace,”
said John Williams, CEO
of YESCO Electronics. “This acquisition expands the presence of our
services and systems across Samsung’s vast global network, allowing a
wider range of businesses to offer their customers a more impressive,
eye-catching visual experience. YESCO Electronics will offer a broader range of
world-class products to the customers as part of the Samsung
Team.”

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