VIA optronics AG Announces Plans for a Shared Services Center

NUREMBERG, Germany--(BUSINESS WIRE)--VIA optronics AG (NYSE: VIAO) (“VIA” or the “Company”), a leading supplier of interactive display systems and solutions, today announced plans for a shared services center in the Philippines.

The Company plans to consolidate its administrative and global services into its subsidiary in the Philippines. The consolidation is expected to both drive synergies and lower cost, while allowing VIA’s global sites to focus on business-critical functions like operations and customer support with the aim of accelerating revenue for the Company’s products and solutions.

Jürgen Eichner, CEO and founder of VIA optronics AG commented, “We are making great strides in our efforts to improve both efficiencies and our competitiveness at VIA’s global sites as demand for our interactive display and sensor solutions portfolio and services continues to grow. This consolidation is a key step, using digitalization to consolidate our global reporting systems. It will be particularly effective in China, where we continue to see significant growth opportunities in the automotive, industrial and consumer end markets. The consolidation will free up resources to address these opportunities, enabling us to capitalize on this tremendous local growth potential.”

About VIA:
VIA is a leading provider of interactive display solutions for multiple end markets in which superior functionality or durability is a critical differentiating factor. Its customizable technology is well-suited for high-end markets with unique specifications and demanding environments that pose technical and optical challenges for displays, such as bright ambient light, vibration and shock, extreme temperatures, and condensation. VIA’s interactive display systems combine system design, interactive displays, software functionality, cameras, and other hardware components. VIA’s intellectual property portfolio, process know-how, optical bonding, metal mesh touch sensor and camera module technologies provide enhanced display solutions built to meet the specific needs of its customers.

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