New Delhi, Feb 4 (PTI) – SHARP Business Systems (India) has announced the acquisition of the display business of NEC India, further strengthening its foothold in the Indian market. However, the company has not disclosed the financial details of the transaction.
With this acquisition, SHARP aims to cater to both business-to-business (B2B) and niche markets by integrating NEC’s cutting-edge technologies with its innovative display solutions.
"By integrating NEC's world-class technologies with SHARP's innovative displays, we are exceptionally well-positioned to meet the growing demand for customized, high-performance display solutions. This merger not only enhances our product offerings but also strengthens our ability to provide unparalleled service and support to our clients," said Osamu Narita, Managing Director of SHARP Business Systems (India) Private Limited, in a statement.
"In the short term, SHARP aspires to be among the top five players in the Indian display solutions market by expanding its channel network and enhancing partner training," the company stated.
This strategic move positions SHARP as a strong competitor in India's display solutions industry, with a focus on innovation, service excellence, and market expansion.
With this acquisition, SHARP aims to cater to both business-to-business (B2B) and niche markets by integrating NEC’s cutting-edge technologies with its innovative display solutions.
"By integrating NEC's world-class technologies with SHARP's innovative displays, we are exceptionally well-positioned to meet the growing demand for customized, high-performance display solutions. This merger not only enhances our product offerings but also strengthens our ability to provide unparalleled service and support to our clients," said Osamu Narita, Managing Director of SHARP Business Systems (India) Private Limited, in a statement.
Expansion into Tier-2 and Tier-3 Markets
SHARP plans to expand its presence in India's tier-2 and tier-3 cities, leveraging the country's smart city initiatives and the rapid growth of sectors like e-commerce and healthcare."In the short term, SHARP aspires to be among the top five players in the Indian display solutions market by expanding its channel network and enhancing partner training," the company stated.
This strategic move positions SHARP as a strong competitor in India's display solutions industry, with a focus on innovation, service excellence, and market expansion.