), a leading provider of electronic video displays, recently inked
a definitive agreement to buy Irish firm Data Display, a
transportation-focused display company. With this strategic
acquisition, Daktronics intends to expand its footprint in the
Per the agreement, Data Display's skilled workforce of sales,
service, engineering and manufacturing teams will be integrated
into Daktronics. Other details of the agreement were kept under
Data Display manufactures high-quality electronic LED displays for
several industries such as Railway, Bus/Tram, Urban Signage,
Roadside and Airports. Headquartered in County Clare, Ireland, the
company has a strong focus on the mass transit industry and
provides electronic displays for real-time passenger information
and customer information systems.
Data Display has established robust operating foothold in Europe,
besides possessing manufacturing and engineering capabilities in
Ireland. Its extensive clientele, expert workforce and strong
presence in the mass transit sector are likely to complement and
expand Daktronics' transportation business.
Daktronics is presently focused on sports, third-party advertising
and video solutions. Based in Brookings, SD, the supplier of
display screens serves the transportation market primarily in the
U.S. The acquisition will enable it to broaden its customer base
and expand operations in the transportation market globally, with
specific focus on Europe and the adjoining areas.
Daktronics is an industry leader in designing and manufacturing
electronic scoreboards, programmable display systems and large
screen video displays. It aims to continuously provide the highest
quality standard display products as well as custom-designed and
integrated systems. The company competes with Japanese firm
Mitsubishi Electric Corp. (
) and LSI Industries Inc. (
), which is headquartered in Cincinnati, OH.
Daktronics currently holds a Zacks Rank #3 (Hold). A better-ranked
stock in the industry is Universal Electronics Inc. (
), which carries a Zacks Rank #2 (Buy).
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