Daktronics to Buy Data Display to Expand Transport Operations - Analyst Blog

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Daktronics Inc. ( DAKT ), 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 transportation segment.

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 wraps.

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. ( MIELY ) and LSI Industries Inc. ( LYTS ), 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. ( UEIC ), which carries a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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