Barco (manufacturer)

Last updated

Barco NV
Company type Naamloze vennootschap
Euronext Brussels:  BAR
BEL 20 component
ISIN BE0003790079  OOjs UI icon edit-ltr-progressive.svg
Industry Technology
Founded1934
FounderLucien De Puydt
Headquarters Kortrijk, Belgium
Key people
Charles Beauduin (Chairman of the Board) & An Steegen (CEO)
Productsdisplay technology, projection technology, connectivity platforms, image processing
Revenue€463.3 million (2024) [1]
Number of employees
3360 (2023)
Website www.barco.com

Barco NV is a Belgian technology company that specializes in digital projection and imaging technology, focusing on three core markets: entertainment, enterprise, and healthcare. [2] It employs 3600 employees located in 90 countries. The company has 400 granted patents. [3] Barco is headquartered in Kortrijk, Belgium, and has its own facilities for Sales & Marketing, Customer Support, R&D and Manufacturing in Europe, North America and Asia-Pacific. Shares of Barco are listed on Euronext Brussels. [4] It has a market cap of around €900 million (December 2024). Barco sells its ClickShare products to enable wireless projection from sender devices to receiver displays.

Contents

History

Barco is an acronym that originally stood for Belgian American Radio Corporation. [5] Barco was founded in 1934 in the town of Poperinge, in the Flemish-speaking region of Belgium. Founder Lucien de Puydt's initial business was to assemble radios from parts imported from the United States – hence the name of his company, the Belgium American Radio Corporation, or "Barco".

Radio pioneer Camiel Descamps gave the company a new start in 1941 in Kortrijk after founder Lucien Depuydt died. His wife Maria-Anna Reyntjens and his brother-in-law Joseph Versavel assisted him. Later on, also Elie Timmerman joined them. Starting from their office in Kortrijk, the company started to grow and spread around 90 countries across the globe.

In 1949, Barco started developing a multi-standard television that accepted different signal standards, becoming a leader in that field. A jukebox called Barc-O-Matic was sold from 1951. In 1967, it was one of the first European companies to introduce color TV. Building on this, it then entered the professional broadcast market in the late 1960s, supplying TV monitors to broadcasters. [6]

From the 1960s onwards, Barco branched out into numerous other activities, which included mechanical components for industrial use, and quality control monitoring for the textile and plastics industries. In 1967, Barco became the first European manufacturer to produce transistor-based portable televisions. [7]

Barco first entered projection technology in 1979, when it pioneered the development of cathode ray tube (CRT) projection aboard airplanes. Over the following years, it gradually focused solely on professional markets.[ citation needed ]

In the mid-1980s, Barco became a main projection technology supplier for computer giants IBM, Apple and Hewlett-Packard. In the late 1980s, it entered the Brussels stock market. By 1991, Barco's market share in the graphics projection market alone reached 75%, and the company had established offices across the world, including regional headquarters in the United States and East-Asia.

Through the 1990s and the first decade of the new millennium, Barco developed and marketed new display technologies such as liquid crystal display (LCD), light-emitting diodes (LED), Texas Instruments' Digital Light Processing (DLP), and later, liquid crystal on silicon (LCoS). It now covers markets that include media and entertainment, security and monitoring, medical imaging, avionics, 3D and virtual reality, digital cinema, traffic control, broadcast and training and simulation.

In 2018, Barco entered into a joint venture with China Film Group Corporation (CFG), Appotronics and CITICPE to commercialize each company's products and services for the global cinema market excluding mainland China: Cinionic. [8] In Barco's case, this involved the company's cinema projectors.

Sustainability

Barco's Corporate Sustainability Committee, consisting of 13 members, under the leadership of Filip Pintelon, devises an overall sustainability strategy. Under the label "Barco 2020", Barco is currently developing a sustainability plan encompassing three pillars: their people, their community and the planet.

A few achievements:

Acquisitions

Divestments

Management

Active markets

See also

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References

  1. ↑ "Barco Half Year Results 2024". Barco. 2024-07-17. Retrieved 2024-12-04.
  2. ↑ "Company information". Barco. Archived from the original on 2019-04-07. Retrieved 2019-05-28.
  3. ↑ "Barco factsheet". Barco factsheet. Retrieved 2018-04-30.
  4. ↑ MarketScreener (2023-03-09). "Barco : re-enters BEL20, Belgium's benchmark stock market index | MarketScreener". www.marketscreener.com. Retrieved 2023-03-30.
  5. ↑ "75 years of Barco". Barco. Retrieved 2023-03-30.
  6. ↑ "VRT, Belgium: Barco is the reference beacon in reference monitors". www.live-production.tv. Retrieved 2018-05-07.
  7. ↑ "Barco Strato Ranger 1973". www.marcelstvmuseum.com. Retrieved 2018-05-07.
  8. ↑ "Barco Joins Forces With Strategic Partners to Advance the Delivery of Dedicated and New Cinema Solutions - Celluloid Junkie". Celluloid Junkie. Retrieved 2018-05-07.
  9. ↑ "Supplier Sustainability Program - Barco".
  10. ↑ "EHS - third party - Barco".
  11. ↑ "Conflict Minerals Rule - Barco".
  12. ↑ "EMT History" . Retrieved 2021-01-24.
  13. ↑ "BARCO : ACQUISITION OF PULSARR STRENGTHENS POSITION IN INSPECTION SYSTEMS FOR FOOD PROCESSING INDUSTRY". www.Barco.com. Retrieved 2021-01-22.
  14. ↑ "BARCO Acquires Ohio Company to Expand Product Offering for the Simulation Market. - Free Online Library". www.thefreelibrary.com. Archived from the original on 2018-05-04. Retrieved 2018-05-03.
  15. ↑ "Dr. Seufert acquired by Barco Group". www.telecompaper.com. 1998-02-17. Retrieved 2021-01-22.
  16. ↑ Safavi. "Everything about PCB: Gerber format". www.etagco.com. Archived from the original on 2018-05-03. Retrieved 2018-05-03.
  17. ↑ "acquires Metheus Corporation in U.S". Barco. Retrieved 2014-02-04.
  18. ↑ "THALES (ex-Thomson) : le capital de sa filiale Texen est cédé au belge Barco". Le Monde.fr. 2000-12-19. Retrieved 2021-01-22.
  19. ↑ "BarcoView STRENGTHENS ITS POSITION IN FRANCE - BARCO ACQUIRES TEXEN, A 100 % SUBSIDIARY OF THALES (THOMSOM-CSF'S NEW NAME)". 2000-12-18. Retrieved 2021-01-22.
  20. ↑ "Barco acquires Montreal-based X2O Media, expanding its technology platform with advanced connectivity capabilities". Barco. Retrieved 2018-05-03.
  21. ↑ "Barco and Iosono Together for Immersive Sound Experiences". audioXpress. Retrieved 2018-04-30.
  22. ↑ "Barco Acquires Medialon in Move to Strengthen Control Offerings - Commercial Integrator". Commercial Integrator. 2016-05-03. Retrieved 2018-05-03.
  23. ↑ "Barco Acquires MTT Innovation Inc., Opens Its New 'One Campus' - Sound & Communications". Sound & Communications. 2016-06-13. Archived from the original on 2018-05-04. Retrieved 2018-05-03.
  24. ↑ "Unilumin Collaborates with Barco to Expand Its Global LED Display Business". Archived from the original on 2019-12-12.
  25. ↑ "BARCO IS DEMERGING INTO A NEW COMPANY BARCO n.v. and BarcoNet n.v." barco.com. 2000-09-01. Retrieved 2021-01-22.
  26. ↑ "Scientific-Atlanta to acquire BarcoNet". 2001-11-12. Retrieved 2021-01-22.
  27. ↑ "Scientific-Atlanta neemt BarcoNet over". 2002-07-01. Retrieved 2021-01-22.
  28. ↑ "Barco Graphics and Purup-Eskofot to merge". barco.com. 2001-09-07. Archived from the original on 2018-10-20. Retrieved 2018-10-19.
  29. ↑ "EMT History" . Retrieved 2021-01-24.
  30. ↑ "Barco sells dotrix to Agfa – Gevaert, thus taking a further step in its exit from the Graphics market". barco.com. 2004-01-05. Retrieved 2021-01-22.
  31. ↑ "signs agreement with Italian Itema to divest its division BarcoVision". Barco. 2007-07-19. Archived from the original on 2007-08-08. Retrieved 2014-02-04.
  32. ↑ "Barco verkoopt verlieslatende Voxar: De Tijd". Tijd.be. 2008-11-21. Retrieved 2014-02-04.
  33. ↑ "Investors | Barco sells Advanced Visualization business to Toshiba". Barco. 2008-11-21. Archived from the original on 2009-02-04. Retrieved 2014-02-04.
  34. ↑ "Barco finalizes sale of its Defense & Aerospace division to Esterline. This divested business rebranded in 2019 as ScioTeq bv". Barco. 2015-02-02. Archived from the original on 2016-03-04. Retrieved 2015-02-11.
  35. ↑ "ETC acquires High End Systems". www.etcconnect.com. 2017-03-30. Retrieved 2022-10-08.
  36. ↑ "Stratacache acquires X20 Media". www.digitalsignagetoday.com. 2018-04-11. Retrieved 2018-04-30.
  37. ↑ "Barco Silex leaves Barco and becomes Silex Inside". 2018-01-12. Archived from the original on 2022-03-31. Retrieved 2021-01-22.
  38. ↑ "Charles Beauduin becomes chairman of Barco".
  39. ↑ "Jan de Witte resigns as CEO".
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