Update: Doosan announced that it decided not to acquire Novaled.
According to Reuters, Korea's Doosan is going to acquire Novaled, for $270-360 million. The deal is not final, but we hear that they expect to finalize it and announce it as soon as next month. A year ago Novaled announced plans for an IPO on the NASDAQ with an aim to raise $200 million, but indeed it's been a while since we heard any news on the IPO.
In 2011, Novaled reported â¬17.4 in revenues and a profit of â¬1.2 million. It is estimated that sales in 2012 were about the same with a higher profit of over â¬3 million. Obviously they expect sales and revenues to increase sharply in coming years as the OLED display (and perhaps lighting) market takes off. Novaled supplies OLED materials to both Samsung and LG Display, and in fact an industry insider once told me that "everybody uses Novaled's materials".
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