Fakespace Systems and Mechdyne Corporation have signed a letter of intent to merge their immersive display systems businesses by the end of the year.
Dr. Chris Clover, the chief executive officer and controlling shareholder of Mechdyne Corporation, will continue as CEO of the combined entity. Ms. Carol Leaman, who is currently the president of Fakespace Systems, will serve as president of the merged company with responsibility for day-to-day operations. The merged company will be called Fakespace Systems.
Both companies currently provide immersive visualisation systems that enable users to work with 3D models and environments as if they really exist in space. The large-scale front and rear-projected displays and walk-in virtual environments provide high-resolution stereoscopic viewing that enables engineers, geoscientists and researchers to achieve better insight, communications and collaboration.
The merged company will have the largest installed base of visualisation systems worldwide and will be headquartered in Marshalltown, Iowa.