Denmark consumer electronics product company Bang & Olufsen plans with the world's largest television producer and a leading OLED and network operating system technology company LG signed a strategic technology partnership agreement.
According to the agreement, Olufsen & Bang will focus on the
development of its combination with the television design, acoustics and
smart home core competitiveness, and with the LG in the OLED aspects of
the professional and technical combination.
Bang & Olufsen CEO Mantoni Tue said: the partnership with LG will
promote the Bang & Olufsen to go to the forefront of innovation in
the TV type. TV variety is currently undergoing major changes, the Bang
& Olufsen is also very important. This partnership will help Olufsen
& Bang to respond to the challenges associated with scale and
As Bang & Olufsen will achieve the required technical
capabilities and scale of the long-term profitability of the company,
the establishment of a partnership will help to resolve a major
strategic challenge. This cooperation has prompted Bang & Olufsen to
focus on the core competencies of acoustics and design, and further
optimize the company's supply chain, development, production and
In partnership with Bang Olufsen & LG production of the first
OLED TV is expected to launch in 2017. Partnership also includes
licensing and product bundling activities, and other aspects of
After establishing partnership, Olufsen & Bang is expected to
increase gross profit and reduce the cost of production capacity. After
the signing of the agreement, the next three years to save 1500-2000
million Danish crown.
In addition, Bang & Olufsen is also expected to achieve
restructuring costs 1000-1500 million Danish crown, of which the 5
million Danish crown will be achieved in the fourth quarter of 2016.
Finding electronic components, oemie.com is a specialized obsolete
and hard to find electronic components of the site, in the above can be
found more than 30 million pieces of components types, such as: tlf4277el and lm5010mh/nopb, want to know more, please visit our website http://www.oemie.com.