Barco announced today that it has finalized an agreement with U.S.-based lighting company ETC to sell its lighting company, High End Systems, based in Austin, Tex. Barco says the transaction is part of Barco’s drive to step up focus on performance and streamline its business portfolio.
High End Systems has offices in the United States and employs 60 employees, primarily in Austin, Tex. In 2016, the lighting activity booked $20 million US dollar in sales with EBITDA close to break-even.
ETC, based in Madison, Wis., is a creator of lighting and rigging products and its offering is fully complementary with High End Systems’ product line. ETC will operate High End Systems as a separate company located in its current Austin, Tex. facility. The transaction with ETC will be effective as of April 2017 and ensures continuation of the product portfolio and future development for the current High End Systems customer base.