Samsung upgrading LED display collection with Yesco Electronics buy

Following up its Apple Pay-aimed acquisition last month, Samsung is reinforcing another vertical in its portfolio this week.

Samsung is looking to strengthen its B2B display portfolio with the acquisition of Yesco Electronics.

Founded in 1988, the Utah-based company produces LED-equipped signs and displays. Yesco already counts more than 2,000 installations worldwide across multiple industries -- notably retail, education, hospitality, corporate, and transportation.

Samsung plans to use Yesco's resources to bolster its own outdoor LED display catalog beyond its existing pile of large-format displays (LFDs) toward LCD-based panels.

Financial terms of the deal have not been disclosed.

It's been a big week for Samsung's mobile portfolio amid the Mobile World Congress extravaganza in Barcelona all week, most prominently for the Korean tech giant's new flagship smartphone: the Galaxy S6.

The Yesco purchase follows up Samsung's recently announced and closely followed acquisition of LoopPay, a mobile commerce platform and contactless digital wallet provider boasted to be accepted by 10 million merchants, or 90 percent of retail locations, nationwide.

Many industry followers saw that particular deal as Samsung's answer to Apple Pay.

As the terms of that deal also remained under wraps, LoopPay will become a wholly owned subsidiary of Samsung Electronics America when the deal closes. LoopPay's team will continue to work independently from its existing Boston headquarters.