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Moser Bear acquires Philips subsidiary

Posted: 09 Feb 2007     Print Version  Bookmark and Share

Keywords:Moser Baer  OM&T B.V.  optical R&D  Philips 

Moser Baer and Philips have entered into a definitive agreement under which Moser Baer will acquire OM&T B.V., a specialised technology company for optical R&D, which currently is a 100 per cent subsidiary of Philips.

"This acquisition is a major strategic milestone for Moser Baer as we implement our strategy to be at the forefront of technology in both the optical and solar photovoltaic (PV) segments." comments Ratul Puri, Executive Director, Moser Baer India.

This acquisition will complement the existing cutting edge technology research being done in Moser Baer's R&D centre in India and help the global number two player in the optical media market to further consolidate its leadership position. According to the agreement, all IP created by OM&T will be transferred to Moser Baer. The Joint venture will also focus on development of photovoltaic technologies to support Moser Baer's PV business.

While OM&T has been instrumental for developing new optical media solutions and technologies creating new markets via global standardisation, its pioneering work in Blu-ray and its status of being the only company outside Japan which is shipping Blu-ray discs will jumpstart Moser Baer's objective of being amongst the first few global manufacturers of the Blu-ray disc.

Moser Baer's proprietary patented low to high (L2H) technology, along with OM&T competencies in the high to low (H2L) technology will ensure that Moser Baer leads in Blu-ray disc technology and manufacture. Having already established a first mover advantage in HD DVD-R format, the company will now extend its technology leadership position in the Blu-ray media as well as other new formats like Holographic Storage.

According to Girish Baluja, COO, Blank Optical Media, Moser Baer India, "OM&T brings to MBI not only its state-of-the-art Blu-ray disc testing and manufacturing capabilities, world class mastering and stamper making expertise, test and professional discs opportunities but also a pool of highly qualified scientists and engineers. This talented pool will augment Moser Baer's capabilities in the areas of optical media, PV and beyond."

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