TES America has signed on the dotted line to acquire certain assets of US-based 3M Touch Systems.
Financial details were not announced.
Upon closing, TES plans to maintain all the target’s existing products, while supporting the expansion of the group’s Microtouch brand of touch monitors.
The transaction is expected to complete by the end of December 2020.
A subsidiary of 3M, 3M Touch Systems focuses on producing surface capacitive and projected capacitive components and displays for commercial applications in the gaming, digital signage and industrial segments.
Its offerings include multi-touch displays, sensors and systems.
The addition of 3M Touch Systems will enhance TES’ existing touch component and monitor portfolio.
As a result of the deal, the buyer will be able to offer customers a broader range of devices, monitors and touch computers.
Gene Halsey, general manager of TES, added the transaction would provide greater flexibility and efficiency throughout the company’s regional engineering and global warehousing operations, among other activities.
Mark Littlefield, the acquiror’s president, noted: “With our vast knowledge of touch sensor engineering, manufacturing, and systems capabilities, our key objective is to seamlessly integrate 3M Touch System’s touch offerings and support all our customers towards new levels of success.”
Headquartered in Michigan, TES provides a range of products for clients within the interactive display market.
Its offerings include all-in-one computers, touch displays and other devices which can be used in retail point of sale terminals, kiosks and bank automated teller machines.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 184 deals targeting computer terminal and other computer peripheral equipment manufacturers announced globally in 2020 to date.
China-based Dawning Information Industry announced plans to raise CNY 4.78 billion (USD 701.12 million) through a private placement in the most valuable of these.
Curiouser Products, CPTF Otronics and DisplayLink, among other companies, were also targeted in this sector.
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