Peerless-AV acquires Ciil Technologies, a manufacturer of environmental/weatherproof outdoor TVs and displays marketed under the UltraView and Xtreme brand names.
Why is a mount company buying an outdoor displays company? Michael Campagna, president of the Peerless Technology Division, says “Our goal is to build a global technology business on a par with our global AV mounting solutions business. Acquiring Ciil is a key building block in that process.”
“The market for outdoor TVs is growing rapidly in commercial settings, where weatherproof displays are replacing expensive enclosures, as well as in residential environments, where the backyard has become the new living room…” he adds.
“At the same time, this is a strategic acquisition that extends the investment in emerging technology that led to last month’s announcement that we have formed a separate technology division…”
At ISE, Peerless-AV Europe’s press conference also highlighted their intention to become a broader supplier of AV solutions.