The proposed transaction is intended to position Ynvisible as a leading provider of electrochromic printed display solutions for high volume applications. The combined entity will leverage Ynvisible’s technical expertise, customer base and experienced management team, will establish high volume roll-to-roll printing of electrochromic displays, and will further expand its production and system integration capabilities of other printed electronic components and systems.
Pursuant to the terms of the definitive agreement, Ynvisible will acquire all of the issued and outstanding shares of Consensum in consideration for the issuance of 3,564,474 common shares of the company pro rata to shareholders of Consensum at a deemed price of $0.474 per payment share upon closing of the proposed transaction. The proposed transaction remains subject to certain closing conditions.
Consensum is a contract manufacturer of printed electronics and hybrid systems. Consensum is located in Sweden in the city of Linköping and with active collaborations with partners in the neighboring city Norrköping. Consensum’s team has accumulated more than a decade of experience in roll-to-roll printing of different electronic components, including displays. The company operates a full-scale roll-to-roll production line.
“We see a growing market for printed electronics worldwide and this acquisition is a next logistical development step for Ynvisible who has been one of our clients to develop and advance this technology,” said Leif Ljungqvist, acting CEO of Consensum.
“Increasing and further enhancing our company’s manufacturing capabilities is a central target, as we advance our growing base of prototyping client cases into high volume uses,” added Ynvisible CEO Jani-Mikael Kuusisto. “We’re impressed by the roll-to-roll manufacturing experience and capabilities within Consensum, and the rich set of complementing printed and paper electronics competences and facilities within the Linköping-Norrköping ecosystem.”