Samsung Acquires LED Display Maker YESCO

samsung-yesco electronics

Samsung Electronics Co., Ltd. of the Korea-based conglomerate Samsung Group announced in March of 2015 that it will acquire the LED sign and display manufacturer YESCO Electronics, LLC. YESCO Electronics specializes in LED (light emitting diodes) modules and large-scale commercial electric signage. The purchase comes after Samsung has been experiencing less-than-stellar sales in the smartphones sector. As a result, the conglomerate decided to strengthen its activity in business to business (B2B) ventures, particularly in the realm of digital display. Samsung Electronics’ have long been a global leader in large format displays based on LCD (liquid crystal display) panels, but the company sees the greatest opportunity in LED technology.

While Samsung Electronics has been the world’s largest (by revenue) information technology corporation since 2009, the company has been rapidly acquiring a diverse range of technological start-ups and established companies to fuel innovation. YESCO Electronics is the eighth company that Samsung Electronics has bought since May of 2014. Samsung’s acquisitions have been spread broadly across industries and include healthcare and medical devices, government and education, hospitality, and retail. Recent purchases include SmartThings (a startup which develops home automation products) and Quietside LLC (an air-conditioner manufacturer) – both acquired in August of 2014.

Based in Utah and established in 1988, YESCO Electronics is a subsidiary of the Young Electric Sign Company. YESCO Electronics’ parent company was first founded in 1920 and is currently privately owned. Some notable examples of YESCO’s projects include: the multi-story advertising display screens in Piccadilly Circus in London, the NBC Experience globe in New York City, the El Capitan Theatre in Hollywood, and the “Vegas Vic” cowboy sign in Fremont Street in Las Vegas. The electronic signs business, which accounted for approximately 20% of the Young Electric Sign Company’s overall business, will now operate under the Samsung Electronics name.

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