YapX Acquires FD Display for 17.8 Billion KRW... "Expanding Competitiveness in Materials, Parts, and Equipment"

[Asia Economy Reporter Jang Hyowon] YapX, a KOSDAQ-listed company, announced on the 4th that it will acquire an 85% stake in FD Display, a specialized manufacturer of display inspection equipment, for a total of 17.85 billion KRW. Technium, a subsidiary of YapX, holds a 15% stake in FD Display. This means YapX will effectively secure 100% practical control over FD Display.

YapX stated that since it has been focusing on the entire process of supplying display materials as its main business, it plans to enhance synergy with FD Display, which specializes in the post-process sector. The strategy is to expand competitiveness in the materials, parts, and equipment business by securing FD Display’s display inspection system technology in high value-added new business areas such as Quantum Dot Display (QD), Organic Light Emitting Diode (OLED) materials, and anode binders for secondary batteries. Additionally, through its own IoT technology and FD Display’s vision inspection system, YapX plans to explore opportunities to enter the autonomous vehicle sector, which is considered a future growth industry.

FD Display was recognized for its innovative achievements after successfully domesticating display inspection equipment and devices (probe units) for the first time in Korea in 1998, leading to cost reduction and shortened production periods in the related industry. Recently, based on 40 years of experience, it succeeded in developing a vision inspection system and is recognized as a specialized company in total display inspection systems, offering custom design systems compatible with all panel sizes, diverse construction experience, and ease of expansion, demonstrating its technological capabilities related to displays.

FD Display’s strengths also include its major global infrastructure and on-site responsiveness through local offices in Beijing and other key locations in China, as well as an office in Taiwan. The company reported that it holds numerous equipment delivery records to Chinese companies BOE and CSOT, which are planning large-scale investments in the OLED sector, raising high expectations for additional sales.

As of last year, FD Display recorded sales of approximately 32.9 billion KRW. With a tentative confirmed order amount exceeding 35 billion KRW, FD Display’s sales this year are expected to grow by more than 35% compared to last year, surpassing 45 billion KRW. YapX aims to leverage this acquisition as a stepping stone to achieve 100 billion KRW in sales in the manufacturing industry sector in the future.

Choi Simyeong, CEO of YapX, stated, “The business synergy with FD Display, which has long established its position as a specialized display inspection equipment company, will serve as a significant competitive advantage in securing the global large OLED inspection equipment market, including China. As YapX’s manufacturing technology competitiveness has been greatly strengthened across its diversified business sectors, we will strive to ensure that industry orders translate into visible results.”

This content was produced with the assistance of AI translation services.