Moser Baer India acquire OM&T

By siliconindia   |   Tuesday, 06 February 2007, 18:30 IST
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Moser Baer India Ltd and global giant Philips have entered into a definitive agreement to acquire OM&T, a high-tech company for optical R&D, which currently is a 100 percent subsidiary of Philips. According to the agreement, all IP created by OM&T will be taken over by Moser Baer. The Joint venture will also focus on development of photovoltaic technologies to support the PV business. "This acquisition is a major strategic milestone for the Moser Baer as we Implement our strategy to be at the forefront, of technology in both the optical and solar photovoltaic (PV) segments." comments Ratul Puri, Executive Director, Moser Baer. According to Girth Baluja; COO - Blank optical media, "OM&T brings not only its state-of-the-art Blu-ray disc testing and manufacturing capabilities, world class mastering and stamper making expertise, test and professional discs opportunities but also a pool of highly qualified scientists and engineers. This talent pool will augment Moser Baer’s capabilities in the areas of optical media, PV and beyond." Moser Baer will seek an entry into Test Disc market, in which OM&T is a leading player. Test Disc enable disk manufacturers to test and calibrate their drives. With the agreement, the company will also be able to Leverage OM&Ts best in class mastering and stamper making capabilities.