Samsung Expands Digital Display Portfolio with Acquisition of YESCO Electronics

Aug. 16, 2015 - PRLog -- JOHANNESBURG, South Africa – 16 August, 2015 – Samsung Electronics South Africa has announced the acquisition of YESCO Electronics, LLC (Limited Liability Company), a leading LED sign and display manufacturer with more than 2,000 installations across South Africa and abroad. The acquisition extends the reach of Samsung’s pioneering technologies and expertise beyond large-format displays (LFDs) using LCD panels, where the company has been the worldwide market leader over the last decade.

YESCO Electronics was a subsidiary of the Young Electric Sign Company (YESCO), a privately-owned custom sign manufacturer. Founded in 1988, YESCO Electronics has enjoyed a rich tradition of successfully delivering both large scale and boutique projects worldwide.

“Our partnership with YESCO has come at an exciting time for Samsung,’’ says Mike van Lier, Director of the Enterprise Business Division (EBD) at Samsung Electronics South Africa. “We’ve noticed an increasing demand for high quality large-scale LED displays and this move will strengthen our existing display portfolio. It means that we’ll be able to expand into new markets, including large scale advertising and display solutions in retail, transport, entertainment and sport industries to name a few. This partnership will help us bring truly exceptional display technologies to the market, further reinforcing our leading position in the digital display industry.”

In light of the higher demand for LED displays that offer enhanced picture quality, energy efficiency and operational functionality, Samsung will work with YESCO Electronics to deliver durable, long-lasting displays geared for varied and extreme conditions. YESCO Electronics’ proven successes include large, brilliant sign and display execution in many of the markets Samsung serves including retail, education, hospitality, corporate and transportation environments.

“The solid relationship between Samsung and YESCO will strengthen YESCO’s position in the marketplace,” says John Williams, CEO of YESCO Electronics. “This acquisition expands the presence of our services and systems across Samsung’s vast global network, allowing a wider range of businesses to offer their customers a more impressive, eye-catching visual experience. As part of the Samsung Team, YESCO Electronics will offer a broader range of world-class products to our customers,” Williams concludes.

To learn more about Samsung Electronics and its complete B2B display portfolio, visit www.samsung.com/uk/business/. For queries on Samsung displays, please use the contact us form on the Samsung website.

For more information about YESCO Electronics, visit www.yescoelectronics.com

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. inspires the world and shapes the future with transformative ideas and technologies, redefining the worlds of TVs, smartphones, wearable devices, tablets, cameras, digital appliances, printers, medical equipment, network systems, and semiconductor and LED solutions. We are also leading in the Internet of Things space through, among others, our Smart Home and Digital Health initiatives. We employ 319,000 people across 84 countries with annual sales of US $196 billion. To discover more, please visit our official website at www.samsung.com and our official blog at global.samsungtomorrow.com.

About YESCO Electronics, LLC

YESCO Electronics, LLC, is a leading manufacturer of high quality electronic displays and is a former division of the Young Electric Sign Company (“YESCO”), which has been a family-run business since 1920. YESCO operates a full service custom sign manufacturing business offering creative design, engineering, leasing, financing, and maintenance agreements. YESCO owns and operates its own network digital of billboards, as well as 1,800 traditional billboard faces in the Western United States. YESCO has a sign and lighting service franchise network throughout North America. For more information about YESCO electronics, LLC, visit www.yescoelectronics.com

For further information, please contact:

Pearl Ndlazi          Phathu Nepfumbada

Epic MSL Group          Samsung Electronics South Africa

011 784 4790          011 549 7969

079 021 5006          078 213 4975

pearl@epicmslgroup.com (mailto:pearl@epicmslgroup.comcommunications.co.za)          p.nepfumbada@samsung.com