Sharp acquires NEC Display Solutions

Sharp Corporation and NEC Corporation have formed a joint venture with Sharp acquiring 66% of shares of NEC subsidiary, NEC Display Solutions Ltd (NDS). As result, NDS has changed its name to Sharp NEC Display Solutions (SNDS) and is now operating as a subsidiary of Sharp. The newly formed SNDS will continue its focus on the business-to-business display market, producing and developing a range of visual display solutions for a variety of markets and applications.

Fujikazu Nakayama, senior executive managing officer and business solutions BU president of Sharp, will serve as chairman of the new business and Hisatsugu Nakatani, president of NEC Display Solutions, will serve as president of SNDS. It’s said that the Sharp NEC joint venture will result in a wide range of synergies.

The acquisition was originally announced back in March 2020, but was postponed amid the Coronavirus pandemic. “NEC offers one of the broadest visual solutions portfolios in the industry, and with a consultancy-led sales approach, NEC is recognised as a trusted advisor and total solutions provider,” said Nakatani, back in March. “This joint venture between Sharp and NEC Display Solutions will bring even greater value and benefits to customers and partners by extending our state-of-the-art product portfolios together with a range of professional service offerings. Sharp and NEC Display Solutions follow the same strategic approach to the future of visual solutions, focusing on superior customer satisfaction enabled by high quality products, sales leadership excellence and committed relationship building.”

“The combination of Sharp's and NDS' international strengths is mutually complementary,” added Nakayama. “We expect this agreement to result in a wide range of synergies, including economies of scale and business expansion in new categories, including an 8K+5G ecosystem. Sharp believes that developing NDS as a joint venture with NEC will contribute to our business growth by enforcing our BtoB business and expanding sales.”