Wacom, have come a long way since it opened its doors back in 1983. The maker of digitizers has come on in leaps and bounds, especially its stylus technology. But the stylus and digitizers it makes for Samsung’s Galaxy Note range have confirmed an investment by the Korean company.
Samsung Electronics subsidiary, Samsung Asia, has bought a 5 percent stake in the company which according the the money markets puts a value of approximately $58.7 million. Wacom, its share of the global pen tablet market stands at a whopping 85 percent, and its sales of its components for use in smartphones and tablets have nearly doubled from 2011 to 2012.
The transaction, Wacom says, will allow Samsung to ensure “stable and timely access to Wacom’s proprietary digital pen technology.”
As for where the new cash injection will be used, Wacom said that by March of 2014 the entire net amount raised from the sale of shares will be invested in “product development and manufacturing and supply system enhancements for products to be supplied to Samsung Electronics,” adding that it aims to “expand its relationship” with Samsung even further.
Needless to say, this strategic partnership means we can expect more S Pen-enabled products in the future from Samsung. Maybe, like the Galaxy camera, could we be soon looking a Galaxy digitizer?
Wacom press release (PDF)