Samsung Electronics Expands Digital Display Portfolio with YESCO Electronics Acquisition
We are pleased to announce a milestone for YESCO Electronics. As of March 3rd 2015, YESCO Electronics is a wholly owned subsidiary of Samsung. It is an honor for YESCO to be associated with such a well-known and well-regarded international brand.
YESCO will continue to be your source for integration, installation and maintenance of premier digital products. Our association with Samsung will broaden the scope of the products and services that we supply.
If you are a current YESCO Electronics customer you can continue to expect the highest level of service and support. All of our warranties, maintenance agreements and media services agreements remain intact. You will be dealing with the same sales, service and support personnel that you have become accustomed to. The factory in Logan remains open and will continue to produce an expanding range of digital products.
The marketplace dictates a need for progressively more creative signage solutions. A variety of digital products are increasingly used to transform signage displays into vehicles for customer engagement. YESCO’s association with Samsung will provide our customers access to unique solutions to their digital signage needs. We look forward to serving you with an expanding palette of innovative products and services.
Acquisition strengthens Samsung’s entry into LED display market to meet growing market demand
SEOUL, Korea – March 3, 2015 –Samsung Electronics Co., Ltd. today announced its acquisition of Logan, Utah-based YESCO Electronics LLC, a leading LED sign and display manufacturer with more than 2,000 installations across the U.S. and abroad. The acquisition reinforces Samsung’s entry into the LED display market, extending the reach of the company’s pioneering technologies and expertise beyond large-format displays (LFDs) using LCD panels, where the company has been the worldwide market leader for six consecutive years.
YESCO Electronics was a subsidiary of the Young Electric Sign Company (YESCO), a privately-owned custom sign manufacturer.
“As the market for LED display technology continues to grow, we understood the critical importance of having the right experience to be successful in this area,” said Seog-Gi Kim, Senior Vice President, Visual Display Business, Samsung Electronics. “By combining the extensive expertise of YESCO Electronics in LED displays with our global network, business experience and world-class R&D team, we further validate our leading position and the value that we bring to our customers as a total solutions provider in digital displays.”
In light of the accelerated implementation of LED displays that offer enhanced picture quality, energy efficiency and operational functionality, Samsung will work with YESCO Electronics to deliver durable, long-lasting displays geared for varied and extreme conditions. YESCO Electronics’ proven successes include large and brilliant sign and display execution in many of the markets Samsung serves, including retail, education, hospitality, corporate, and transportation environments.
“The solid relationship between Samsung and YESCO will strengthen YESCO’s position in the marketplace,” said John Williams, CEO of YESCO Electronics. “This acquisition expands the presence of our services and systems across Samsung’s vast global network, allowing a wider range of businesses to offer their customers a more impressive, eye-catching visual experience. YESCO Electronics will offer a broader range of world-class products to the customers as part of the Samsung Team.”
Founded in 1988, YESCO Electronics has enjoyed a rich tradition of successfully delivering both large scale and boutique projects worldwide.