Barco has acquired the products, intellectual property (IP) rights and know-how of Element Labs, an LED video systems expert based in Santa Clara, California.

“With a focus on mid-end market requirements in rental, staging and fixed installations, the Element Labs products complement Barco’s existing high-end product range”, says the press release.

Structured as an asset sales transaction, Barco obtains all product designs, rights and intellectual property of Element Labs, without assuming the liabilities of the former EL-company. As of today, the name “Element Labs” ceases to exist and the core team of Element Labs in Santa Clara will function as Barco’s competence center for creative LED solutions, whereas Barco Kuurne (Belgium) will remain the competence center for tiled LED solutions.

Barco will not book any goodwill on this transaction.