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Moser Baer to acquire Philips OM&T

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CIOL Bureau
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NEW DELHI: Moser Baer today announced that it has signed a definitive agreement with Philips to acquire it's arm OM&T B.V., a specialized technology company for optical R&D. 

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According to the agreement, all IP created by OM&T will be transferred to Moser Baer. The Joint venture will also focus on development of photovoltaic technologies to support Moser Baer’s photovoltaic (PV) business.

"This acquisition is a strategic milestone for Moser Baer as we implement our strategy to be at the forefront of technology in both the optical and solar photovoltaic (PV) segments,” said Ratul Puri, executive director, Moser Baer India.

Moser Baer said in a statement that this acquisition will complement the existing technology research being done in Moser Baer’s R&D center in India and help OM&T to further consolidate its leadership position.

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While OM&T has been instrumental for developing new optical media solutions and technologies, its work in Blu-ray and its status of being the only company outside Japan which is shipping Blu-ray discs will jumpstart Moser Baer’s objective of being amongst the first few global manufacturers of the Blu-ray disc.

Moser Baer’s proprietary patented L2H (low to high) technology, along with OM&T competencies in the H2L (high to low) technology will ensure that Moser Baer leads in Blu-ray disc technology and manufacture.

The agreement would also help Moser Baer to leverage OM&T's mastering and stamper making capabilities.

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