Samsung said to be in talks to acquire German Novaled

Novaled makes technology and materials used in OLED displays

Samsung is reportedly in talks to acquire German organic light-emitting diode (OLED) technology developer Novaled.

A Novaled representative declined to comment on reports that Samsung is offering more than US$200 million for the company, but she did say it may have an announcement to make in a few days.

A Samsung spokeswoman declined to comment on the matter and referred to Samsung affiliate Cheil Industries, also known as Samsung Chemical, which would acquire Novaled, according to the Wall Street Journal and Bloomberg. Cheil Technologies did not respond to a request for comment.

Novaled develops technologies and materials that enhance the performance of OLEDs and other organic electronics and sells them to manufacturers of display products.

OLEDs are devices composed of multiple thin layers of organic materials often only a few nanometers thick that emit diffuse light when electricity is applied to them. They are used in thin displays with sharp colors that have the potential to offer greater cost and energy savings than other lighting technologies, Novaled said on its website.

In 2011, Samsung Samsung's venture capital arm invested in the company.

In June last year, Novaled entered a licensing and purchasing agreement with Samsung Mobile Display, extending the use of Novaled's OLED materials to Samsung's next generation of mobile AMOLED (Active Matrix Organic Light Emitting Diode) devices.

Novaled has a broad portfolio of more than 500 patents granted or pending, the company said on its website. It was founded in 2001 as a spin-off of the Technical University and the Fraunhofer Institute of Dresden, and has been commercially active since 2003.

The company is based in Dresden and has sales offices in Korea and Japan.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Mergers and acquisitionsbusiness issuesSamsung ElectronicsNovaled

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Loek Essers

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?