LCD producer Kopin acquires Forth Dimension Displays

US-based Kopin has acquired all outstanding common stock of Scotland-based Forth Dimension Displays (FDD), a provider of all-digital, ultrahigh-resolution, near-to-eye ferroelectric reflective microdisplays.

The purchase price was approximately $11m (£7m) in cash plus an earnout provision if certain revenue milestones are reached within one year of the purchase date.

FDD had approximately $6m of revenue in 2010 and Kopin projects that the acquisition will be accretive to 2011 earnings.

All of FDD’s key employees have agreed to join Kopin.