Nanosys, a supplier of quantum dot light emitting materials and technology, has acquired of Glo, a technology company for microLED displays. Nanosys expects the transaction to expands its services and technology offerings, accelerating the company’s development and progress toward the widespread adoption of microLED and nanoLED display technology for future displays.
“Nanosys created a vibrant, growing marketplace for our proprietary quantum dot technology over the past two decades,” said Jason Hartlove, Nanosys president and CEO. “Combining the best Quantum Dot and microLED technologies allows Nanosys to unlock the disruptive potential of microLED by lowering production cost and maximizing performance. Together, we can create the smallest, brightest, lowest cost pixels that will enable microLED to penetrate the mainstream TV market and open the doors for new applications in AR, automotive and beyond.”
Jefferies acted as financial advisor for the transaction and Latham & Watkins served as legal counsel to Nanosys in connection with the transaction.