Gimv sold its stake in Liquavista to Samsung Electronics Europe Holding Coöperatief U.A.
Liquavista (www.liquavista.com), a spin-out from the world famous Philips Research Labs, offers a new type of electronic display technology known as electrowetting. The electrowetting technology uses liquid instead of crystals used in LCD screens. Liquavista displays create bright and colorful images that ensure excellent indoor and outdoor readability and use less battery power. The displays are used in a broad range of mobile products including videos, telephones, digital cameras and navigation instruments. The company was founded in 2006 and is headquartered in Eindhoven, the Netherlands.
The sale has a positive impact of EUR 4.6 million (EUR 0.20 per share) on Gimv’s last published equity value at 30 September 2010. Over the entire investment period, the shareholding’s return is in line with Gimv’s historic average. No further financial details on this transaction will be disclosed.