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Pelikon, the Caerphilly-based manufacturer of electroluminescent displays with 22 staff, has been acquired by Multi-Fineline Electronix of the US for £7m.
Pelikon is to invest £3m in the expansion of its electronics display technology business in Caerphilly, and is considering plans for a flotation in the coming year.
Pelikon, the developer of inorganic electroluminescent displays, has announced a £5m funding round to help expand the company and prepare for an initial public offering of shares.
Pelikon has raised £3.2m of venture capital to invest in the expansion of its display systems factory in Caerphilly.