NORWAY - Herkules takes 54% stake in Projectiondesign

Projectiondesign products are used for professional, business and consumer applications, such as scientific visualisations, simulation, medical imaging and public displays. The company also serves the corporate presentation market and the consumer market for home cinema.

Headquartered in Fredrikstad, the company has representation offices in Gothenburg, Singapore, Milan, Stuttgart, Bilbao, Bombay, Cape Town, London and New York. In 2008, Projectiondesign generated revenues of NOK 500m, with an operating profit of approximately NOK 100m. Although H1 09 figures showed a decline in revenues, it is expected that H2 will show some improvement.

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