Sharp Completes UMC Deal


Sharp has completed its acquisition of 56.7% of Skytec UMC Ltd (Sharp Buys UMC Stake to Control TV in Europe), to take control of the sales of Sharp-branded TVs in Europe, which were licensed by Sharp to UMC in 2014 for five years. The current organisation will continue and will also continue to sell products under other brands (including the Blaupunkt brand) as well as making TVs on an OEM basis for other private label brands in Europe. The deal means that the Sharp factory in Torun will return to the control of the company.