SHARP Expands in India with NEC India Display Business Acquisition

Deal News | Feb 07, 2025 | EIN

SHARP Expands in India with NEC India Display Business Acquisition

In a strategic acquisition designed to fortify its influence in India's visual solutions market, SHARP Business Systems (India) has procured the display business from NEC India. This maneuver amplifies SHARP's repertoire in the rapidly expanding display technology sector, which is of significant interest to industries including retail, education, aviation, healthcare, manufacturing, and the smart cities initiative. Integration of NEC's technologies positions SHARP to deliver an expanded array of high-performance display solutions. This acquisition supports SHARP's alignment with the digital transformation sweeping across India, enhancing their service offerings to both broad and niche markets. With the added capability to supply advanced display technologies and bespoke solutions, SHARP stands ready to meet the 24/7 demands of high-energy sectors like airports and control centers. A notable enhancement is the inclusion of large format displays and cinema-grade projectors to SHARP's established smart business product line. Additionally, the joining of forces benefits existing partners of each entity, providing broader access to cutting-edge display technologies. According to Osamu Narita, Managing Director of SHARP Business Systems (India), the collective innovation and technology from NEC and SHARP will meet increasing market demands for custom high-performance display solutions, setting the stage for enhanced service provision.

Sectors

  • Technology
  • Business Services
  • Manufacturing

Geography

  • India – The acquisition takes place in India and involves SHARP Business Systems (India) and NEC India.

Industry

  • Technology – The acquisition involves companies in the technology sector focusing on display technologies and solutions.
  • Business Services – SHARP Business Systems provides digital solutions and services which fall under the umbrella of Business Services.
  • Manufacturing – Both companies are involved in manufacturing various types of display and electronic goods.

Financials

    Participants

    NameRoleTypeDescription
    SHARP Business Systems (India) Private LimitedAcquirerCompanyA subsidiary of SHARP Corporation, focused on providing a range of business solutions and display technologies in India.
    NEC IndiaTargetCompanyAn Indian subsidiary of NEC Corporation, which previously handled the display business now acquired by SHARP Business Systems.
    Osamu NaritaManaging DirectorPersonManaging Director of SHARP Business Systems (India), leading the acquisition and integration strategies.