Barco NV (ENXTBR:BAR) reached an agreement to acquire Premium cinema solutions business of Cinionic from China Film Equipment Co., Ltd. on November 22, 2023. The business unit will continue to be led by Gerwin Damberg. Wim Buyens will continue to work with Barco and support a smooth transition of the cinema business.

The integration of Cinionic?s business will allow Barco to operate in the cinema market with even greater operational efficiency and agility to adapt effectively to market dynamics and customer needs.