M&A Deal Summary

Electronic Theatre Controls Acquires Daktronics - Vortek Rigging Division

On August 4, 2014, Electronic Theatre Controls acquired business services company Daktronics - Vortek Rigging Division from Daktronics

Acquisition Highlights
  • This is Electronic Theatre Controls’ 1st transaction in the Business Services sector.
  • This is Electronic Theatre Controls’ 1st transaction in the United States.
  • This is Electronic Theatre Controls’ 1st transaction in South Dakota.

M&A Deal Summary
Date 2014-08-04
Target Daktronics - Vortek Rigging Division
Sector Business Services
Buyer(s) Electronic Theatre Controls
Sellers(s) Daktronics
Deal Type Divestiture

Target

Daktronics - Vortek Rigging Division

Brookings, South Dakota, United States
Daktronics, Inc. - Vortek Rigging Division is a provider of rigging solutions for the entertainment market.

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Buyer(S) 1

Buyer

Electronic Theatre Controls

Middleton, Wisconsin, United States
Category Company
Founded 1975
Sector Electrical Equipment
DESCRIPTION

Electronic Theatre Controls, Inc. is a designer and manufacturer of lighting products and the creation of lighting solutions. Electronic Theatre Controls, Inc. was established in 1975 and is headquartered in Middleton, Wisconsin.

DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 2
State (South Dakota) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 High End Systems

Austin, Texas, United States

High End Systems, Inc. is a lighting products and control systems that illuminate some of the biggest artists on the largest stages, as well as film and television studios, cruise ships, corporate events, theme parks, churches, restaurants and retail spaces. High End Systems, Inc. is headquartered in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Daktronics

Brookings, South Dakota, United States
Category Company
Founded 1968
Sector Electronics
Employees2,520
Revenue 818M USD (2024)
DESCRIPTION

Daktronics is a designer and manufacturer of electronic scoreboards, programmable display systems and large screen video displays. Daktronics was incorporated in 1968 and is based in Brookings, South Dakota.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (South Dakota) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-11 OPEN NV

Rupelmonde, Belgium

OPEN provided light boxes and scrollers, advertising signs and billboard advertising displays to third party advertising (TPA) companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-15 Data Display

Ennistymon, Ireland

Data Display specializes in providing electronic displays for real-time passenger information (RTPI) in bus and tram networks as well as providing customer information systems (CIS) for railway networks.

Buy -
Mergr

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