Wednesday, February 8, 2017

Konica Minolta, Pioneer set to merge OLED lighting ops

Konica Minolta and Pioneer are concluding talks to merge their OLED lighting businesses under a 50–50 joint venture as early as spring. The Japanese companies will spin off their organic light-emitting diode development and sales operations into a new venture that will be an equity-method affiliate for both.

The two companies aim primarily to gain an edge in the automotive OLED market, which is seen expanding rapidly. Konica Minolta's strength in bendable lighting materials made with plastic-film substrates will be combined with Pioneer's own OLED expertise and broad business network in the automotive industry. Taillights and interior lighting are likely automotive applications.

Read the full story in Nikkei Asian Review.