Business World

Monday 29 May 2017

Bang & Olufsen enters partnership with LG, could save up to $30m a year

Bang & Olufsen's BeoSound 8
Bang & Olufsen's BeoSound 8

Bang & Olufsen, the luxury technology-maker with an outlet in Donnybrook, has entered a strategic technology partnership with LG Electronics on the development and production of its televisions, the Danish company said on Friday.

The partnership will help the Danish manufacturer of high-end stereos and TVs to achieve technological capabilities and scale needed to improve long-term profitability, the company said in a stock exchange announcement.

The agreement has annual savings potential of 150-200 million Danish crowns ($22.7-30.3 million) when fully implemented over the next three years.

Reuters

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