Doosan is rumored to be considering acquiring Novaled for US$270 - US$360 million
However, Novaled declined to comment on speculation and rumour
According to a news article by Reuters the South Korean conglomerate Doosan is considering acquiring Novaled AG, however at present there has been no official announcement from either Doosan nor Novaled.
The original source for the news appears to be the South Korean newswire Money Today which stated that Doosan was close to acquiring 100 percent of Novaled for an estimated 300-400 billion won ($270-360 million), However, it cited an unnamed source attached to the deal as the source of the information.
A spokesperson for Novaled said, "that due to our ongoing IPO process there have been a lot of rumors going around during the last couple of months." The spokesperson added, "Novaled cannot and does not want to comment on rumors."
In March 2012 (exactly one year agoo) Novaled filed to IPO on Nasdaq but since then there has been no futher indication if or when Novaled would complete the IPO. If the market conditions are not suitable for an IPO then a trade sale seems to be a viable alternative. Novaled has receieved significant backing in the past and investors are now likely wanting to seek a return on their investment. An outright sale would certaintly be beneficial to the founders of the company, and staff with share options
About Novaled
Novaled AG, a leader in the organic light-emitting diode (OLED) field, specializes in high efficiency, long-lifetime OLED structures. With expertise in synthetic and analytical chemistry, we offer complete solutions for the organic electronic markets, commercializing Novaled's Doping Technology and Materials.
Novaled has developed long-term partnerships with major OLED players worldwide. Our strong IP position in OLED technology is based on more than 500 patents granted or pending.
Novaled’s primary investors are Omnes Capital, Second TechnoStart Ventures Fonds GmbH & Co. KG, TechFund Europe Management S.A.S., eCAPITAL entrepreneurial Partners AG and Samsung Venture Investment Corporation.
In operation since March 2003, Novaled is headquartered in Dresden, Germany with two branch offices (Japan/ South Korea) in Asia.
Source: Novaled
About Doosan
Doosan, the oldest company in Korea with a history of 117 years, has successfully incorporated changes and growth. Based on human-oriented management philosophy, Doosan will continue creating new products and technologies for another 100 years as a proud global Doosan
Source: Doosan
About Doosan Electro Materials
Doosan Corporation Electro-Materials is one of the leaders in the Copper Clad Laminate(CCL) industry in the world. Since its establishment in 1974, Doosan Corporation Electro-Materials has been manufacturing the CCL which is the core material of PCBs, in addition to various high quality electronic parts and materials, performing a key role in the development of electronic industry.
Source: Doosan Electro Materials
