Home Retail Bang & Olufsen join hands with LG for long term gains

Bang & Olufsen join hands with LG for long term gains

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and have joined hands for a strategic technology partnership. This unison would work towards the development and production of its televisions, as revealed by the Danish company on Friday to The Economic Times.

BANG-OLUFSEN
Danish manufacturer Bang & Olufsen enters a tie up with LG

In a stock exchange announcement, Bang & Olufsen mentioned that this association will help  them in manufacturing high-end stereos and TVs, by which they would improve their technological capabilities. This would further raise the scale required for a long-term profit.

This agreement, after full implementation is expected to have annual savings of around 150-200 million Danish crowns ($22.7-30.3 million) in the next three years.