Barco: sells digital signage unit X2O Media

(CercleFinance.com) - Barco has found an agreement for the sale of X2O Media to US-based Stratacache, as digital signage is no longer considered a strategic focus for the Belgian visual technology company.


After its acquisition in 2014, X2O became part of Barco's enterprise division, which focuses on solutions for meeting and control rooms, the firm said.

Over the years, X2O had secured top-tier clients, including Verizon, FoxNews and Accenture.

X2O Media employs about 45 people and will continue to operate from Montreal, Canada. It has annual sales of around 5 million euros with EBITDA close to break-even.

The transaction is expected to be closed in the coming weeks.

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