Management Acquires Sim2
SIM2 Multimedia CEO Maurizio Cini announced that FINSIM, a private investment group headed by himself and other SIM2 management, purchased a controlling interest in the company from Italian TV manufacturer Seléco SpA. Sim2 USA remains a wholly-owned subsidiary of Sim2 Multimedia.
“It is extremely beneficial for both Sim2 and our customers that company management now also has primary ownership of the company,” said Cini. “This results in a unified vision of company strategy that focuses on long-term goals and core development rather than just on short-term profit.”
The company announced eight new 1080p DLP projectors at CEDIA EXPO last month.