As we forecast in our CES report (No More Plasma for Samsung, But LED is New Category), Samsung Electronics Co., Ltd. announced its acquisition of Logan, Utah-based YESCO Electronics, LLC, a leading LED sign and display manufacturer with more than 2,000 installations across the U.S. and abroad.
The acquisition reinforces Samsung’s entry into the LED display market, extending the reach of the company’s pioneering technologies and expertise beyond large-format displays (LFDs) using LCD panels, where the company has been the worldwide market leader for six consecutive years.
YESCO Electronics was a subsidiary of the Young Electric Sign Company (YESCO), a privately-owned custom sign manufacturer.
“As the market for LED display technology continues to grow, we understood the critical importance of having the right experience to be successful in this area,” said Seog-Gi Kim, Senior Vice President, Visual Display Business, Samsung Electronics. “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.”
In light of the accelerated implementation of LED displays that offer enhanced picture quality, energy efficiency and operational functionality, Samsung will work with YESCO Electronics to deliver durable, long-lasting displays geared for varied and extreme conditions. YESCO Electronics’ proven successes include large and brilliant sign and display execution in many of the markets Samsung serves, including retail, education, hospitality, corporate, and transportation environments.
“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.”
Founded in 1988, YESCO Electronics has enjoyed a rich tradition of successfully delivering both large scale and boutique projects worldwide.