Sharp Corp. has acquired 66% of shares of NEC Display Solutions Ltd., a subsidiary of NEC Corp., forming Sharp NEC Display Solutions Ltd., according to a press release.

The newly-formed SNDS, a Sharp subsidiary, will continue its focus on the B2B display business, producing and developing visual display solutions for a variety of markets and applications.

Fujikazu Nakayama, senior executive managing officer and business solutions BU president of Sharp, will serve as chairman of the business and Hisatsugu Nakatani, president of NEC Display Solutions, will serve as president of SNDS.

Both Sharp and NDS display businesses are brands in the production and development of visual solutions.

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