Solvay acquires US based Plextronics Inc strengthen its OLED electronic display technology

Solvay to acquire Plextronics, strengthens OLED display technology

9:54 AM, 26th March 2014
Solvay acquires US based Plextronics Inc

BRUSSELS, BELGIUM: Solvay has completed the acquisition of US based Plextronics Inc to strengthen its organic light emitting diodes (OLED) electronic display technology and launch a new development platform with a strong Asian foothold.

With Plextronics, Solvay is expanding its know-how in emerging applications such as OLED TV screens, OLED lighting and in lithium-ion batteries. OLED technology uses stacked layers of organic compounds that emit light when submitted to an electric current. It boosts luminance efficiency and ultimately enables bendable displays as it reduces their thickness and weight.

“The acquisition of Plextronics is an important milestone in growing our OLED capabilities. Solvay’s own OLED know-how will be reinforced thanks to Plextronics’ complementary technologies and dedicated staff. With the creation of the Solvay OLED Incubator, we aim to evolve into a new business and strengthen our presence in Asia, mainly in South Korea,” said Bill Chen, General Manager, OLED incubator, Solvay.

 

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