Barco Acquires High End Systems Inc. | Jun 2008

Live Design: "Barco announces the acquisition of High End Systems, Inc (HES). Based in Austin, Texas, High End Systems employs 156 people and is a profitable company with $44 million USD sales in 2007. With the merging of two strong industry players, this acquisition reinforces Barco’s leadership position in the fast converging video and lighting segments. The total value of the transaction is $55 million USD, which implies an EBITDA multiple of around 8 on the past 12 months. The impact on 2008 EPS is estimated to be about neutral due to the required IFRS restatements."