ORIX Enters into Capital Partnership with Panasonic Connect for Transfer of Projector Business

Articles July-August 2024

Micro-LEDs: Revolutionizing the Future of Display Technology

Join industry leaders Abdul Waheed (EYTE Technologies), Gangasagar Amula (Absen India), Su Piow Ko (AET Displays), Vineet Mahajan (Unilumin India), and Sanket Rambhia (Xtreme Media). Stay ahead of the curve by diving into the advancements driving the next generation of visual experiences watching experts discuss how Micro-LEDs are set to transform the display industry offering unprecedented innovation and fresh perspectives. read more

Xtreme Media Unveils India's Largest Floating LED Display in Ayodhya

Marking a historic moment in Ayodhya, Xtreme Media has set a new benchmark by installing India's largest outdoor floating LED display . Illuminating the city during a grand cultural event, showcasing vibrant visuals on the Sarayu River, the display stands as a symbol of innovation, blending tradition with modern technology to create an unforgettable visual spectacle. read more

Harnessing Brightness: Guest Column with Sanket Rambhia.

In a guest column by Sanket Rambhia , Director of Xtreme Media Pvt. Ltd. , he emphasizes the crucial role of brightness in outdoor LED displays. Rambhia discusses the challenges, pros and cons of innovation in the ever evolving industry, showcasing how modern LED technology is advancing both performance and sustainability. read more

The Future of Large Venue Projectors

Explore how cutting-edge projectors are revolutionizing the AV landscape by elevating image quality and storytelling. In this feature, AV-ICN Expo Magazine highlights the latest innovations designed to create immersive experiences in large venues and edutainment spaces, ensuring audiences are captivated like never before. read more

SoundTube Transforms H.T. Parekh Legacy Centre with Audio and AV Solutions

H. T. Parekh Legacy Centre integrates the venue with best-in-class audio and pro AV solutions by SoundTube. read more

11 Questions with James Berry

James Berry, Managing Director - APAC at Diversified, shares his career journey and insights into the company's strategic role in the AV integration market. Discussing key AV segments, talent challenges, standout projects, and the global capability center in Bangalore, he emphasizes the company's commitment to delivering exceptional AV solutions. read more

IRDAI Auditorium Transformed with Cutting-Edge AV Solutions

Wesco Anixter and RKJ Electric have enhanced the IRDAI Auditorium in Hyderabad with state-of-the-art AV solutions, delivering an immersive visual and audio experience. The installation aligns with Chairman Debasish Panda's vision of a modern, functional space, showcasing a significant upgrade in the auditorium's capabilities. read more

Record-Breaking Success at AV-ICN Expo 2024

The AV-ICN Expo 2024, held from May 30 to June 1 at the Bombay Exhibition Centre, was a resounding success setting new records with 25,510 unique attendees and 38,636 total visitors. The event showcased the latest Pro AV solutions across 30,000 square meters, highlighting the booming demand for audiovisual technologies in India. read more

Articles May - June 2024

A Rendezvous with AV Professionals

Exploring AV Trends and Technologies at India's 3rd AV-ICN Expo Conference Programme 2024. read more

AV Installations: Glimpses

A Glimpse at Select AV Installations by Renowned AV Systems Integrators & Brands. read more

AV-ICN Expo Recognises Top Systems Integrators in India

In this recurring semi-annual listing, AV-ICN Expo Magazine expounds the work and vision of experienced systems integrators of India in brief. read more

Impressive Screens for Immersive Viewing

This feature collates latest home projectors for immersive viewing by some of the best pro AV players in India. read more

ORIX Enters into Capital Partnership with Panasonic Connect for Transfer of Projector Business

Published 01^atAugust , 2024

ORIX Corporation (ORIX) announced that it has entered into a capital partnership agreement with Panasonic Connect, a subsidiary of Panasonic Holdings Corporation, for its professional projector and professional display businesses.

The related businesses will be carved-out from Panasonic Connect and certain parts of Panasonic Holdings to establish a new company. The new company will be 80% owned by ORIX and 20% by Panasonic Connect, and the two parties will jointly operate the business. Subject to certain closing conditions, the new company is anticipated to start operations on April 1st, 2025.

Panasonic Connect's professional projector business has advanced technological capabilities to achieve high brightness and image quality based on many years of research and development. It holds the top market share globally in its flagship product, high-brightness projectors, which are used in projection mapping, live music, theme parks, museums, etc., including in the opening and closing ceremonies of the Tokyo 2020 Olympic and Paralympic Games.

The business is truly global, with approximately 90% of sales in markets outside of Japan and expects sustainable growth in the future as the live entertainment market continues to expand.

ORIX aims to enhance global business value by leveraging the investment capabilities as well as Panasonic Connect's advanced technological capabilities and a deep customer base. As a dedicated operator of both businesses, the new company will continue to invest in management resources and build a highly competitive business organization, evolve and expand its global customer network, expand into emerging markets, and enhance customer support services, with the aim of achieving further business growth.

ORIX has accumulated a considerable track-record in the private equity business, mainly focusing on business succession transactions to date. ORIX also sees significant investment opportunities in carve-outs and other public companies, reflecting changes in public stock markets and structural reforms in Japanese companies. Through these transactions, ORIX aims to contribute to Japan's industrial development.

Advertisers July-August 2024