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Electrohome Sells Projection Systems Division

Details: 14 March 2016

Ontario-based visual communications specialist Electrohome has sold its Projection Systems Division to Christie Inc of Cypress, California, for C$38m. The company is now known as Christie Digital Systems. Christie is a world-leading manufacturer of film projection systems for the cinema market and is a wholly-owned subsidiary of Ushio America Inc.Jack Kline, executive VP and COO of Christie Inc promised a massive R&D commitment for the new company, commenting: "The acquisition and renaming of Electrohome Projection Systems allows us to build on our existing brand strength and technological leadership in the high performance projection market. It also positions us at the forefront of electronic digital cinema."