Prime View acquires E Ink Corporation

2 June 2009 10:36 GMT / By Amy-Mae Elliott

Prime View International, apparently the world's highest volume supplier of ePaper display modules, has announced it has signed an agreement to acquire E Ink Corporation, the electronic paper display company for approximately $215 million.

The deal is described as the "capstone" in a transformation at PVI over the past 4 years to focus on electronic paper displays.

In 2005, PVI acquired the ePaper business of Philips Electronics and partnered with E Ink to provide displays for electronic books including the Sony Reader and the Amazon Kindle 2 and Kindle DX, a market that's set to grow:

"The market for electronic book devices such as the Sony Reader and Amazon Kindle is forecasted to grow from 1.1 million units in 2008 to 20 million units in 2012, a cumulative annual growth rate of 105% over the four-year period", said iSuppli analyst Vinita Jakhanwal.

The transaction is subject to shareholder and regulatory approval and is expected to close in the fourth quarter of 2009.

Full tags

Biz, Prime View, E-ink, Acquisitions