Advantech completes acquisition of GPEG
Digital signage media player developer Advantech has moved to strengthen its position in the market by agreeing to acquire British intelligent display firm, GPEG
Wednesday, 20 Nov 2013 11:03 GMT
GPEG’s original management team will join the Advantech Embedded Core Computing Group under the name of Advantech-GPEG as a result of the merger
“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,” explains Advantech’s chairman, KC Liu.
“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.”
Under the terms of the merger agreement, GPEG’s original management team is to remain unchanged and will join the Advantech Embedded Core Computing Group under the name of Advantech-GPEG.
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”
GPEG’s former chief executive officer, Nick Hown, and sales director, Dave Webbing, will lead Advantech-GPEG.
In addition, Advantech will integrate GPEG’s product sales and design professionals with the resources of Innocore-Gaming, which Advantech acquired in 2010.
GPEG’s Hown adds: “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.”
