Posted to News on 20th Nov 2013, 12:29
Advantech acquires British Intelligent Display Company GPEG
Advantech has signed an agreement to acquire British Intelligent Display Company GPEG. After the merger, GPEG's original management team will remain unchanged, and will join Advantech Embedded Core Computing Group, under the name of Advantech-GPEG. GPEG's industry know-how, plus their sales experience in the European market, will combine well with Advantech's worldwide sales team and service network. These complementary strengths will actively promote Advantech intelligent display and further develop the gaming market in Europe.
Advantech Chairman KC Liu states that: "In view of the global trend toward Smart Cities and IoT, the intelligent display will be the most important user interface in the near future. Therefore, Advantech is very optimistic about development potential in the intelligent display market, and with the GPEG merger, we hope that we can accelerate product development, enhance sales strength, and lead market growth in intelligent displays."
KC Liu further notes that: "Although Advantech already has sales teams and product development capabilities in Europe, it is difficult to specifically target customer needs until we are very familiar with the gaming industry in Europe. After the merger, we expect to draw on GPEG market development experience in the European gaming market and professional industry know-how, and combine these with Advantech's existing global marketing and sales teams to expand the European intelligent display market." Meanwhile, Advantech will also integrate GPEG's product sales and design professionals with the resources of Innocore-Gaming, which Advantech acquired in 2010, to provide the European gaming market with complete systems, significantly promoting Advantech embedded boards and overall revenue.
After the merger, GPEG's former CEO Nick How and Sales Director Dave Webbing will continue leading Advantech-GPEG, cultivating gaming and application-specific display markets for customers in each vertical industry, and providing customised complete systems to become one of Europe's most influential intelligent display brands. GPEG was established in London in 2005 to supply specialised application displays, especially designing and producing intelligent displays for the gaming industry. GPEG performance has been strong; annual sales have exceeded $18 million, and their growth rate has been over 20 per cent. Nick How comments: "We are tremendously excited about the opportunities for our customers, suppliers and employees that this merger will bring, the access to complimentary products, worldwide sales channels as well as the resources of a company like Advantech, paves the way for a very bright future for the company."
For further details about Advantech-GPEG and Advantech products, please go to www.advantech.com.
