Samsung to Buy Germany’s Novaled, Raising Bet on Next-Generation Screens
Samsung Group is poised to acquire German lighting specialist Novaled AG, raising its bet on increasing demand for displays that use next-generation technology, people close to the matter said.
The people said South Korea’s biggest conglomerate has offered more than $200 million, valuing Dresden-based Novaled at around 10 times its total revenue of €17 million ($22.5 million) in 2011, the most recent year for which the company has provided financial data.