By March 5, 2008

Acer to buy E-TEN

Proving that there is more than one way to expand your Windows Mobile phone portfolio, Acer have announced that they have made E-TEN an acquisition offer which has been accepted.

With the financial clout of Acer, the worlds third largest laptop manufacturer, it likely that we’ll see good things from E-TEN in the coming months.

The official release:

E-TEN Information Systems has announced that it has accepted an acquisition offer from the world’s third-ranked PC vendor, Acer Inc. The deal is expected to accelerate the penetration of E-TEN’s products and services, including Glofiish-brand Pocket PC Phones, on a global level while enabling E-TEN to deliver more efficient local support to its existing customers.

The board of directors of E-TEN recently voted unanimously to accept a proposed acquisition offer made by Acer. The successful completion of the deal is not expected to impact the management structure of E-TEN, and the company will continue to deliver products and services at a quality its customers have come to expect.

“E-TEN’s proven success in bringing state-of-the-art products and business concepts to the consumer mobility sector, united with the Acer Group’s global infrastructure, will allow us to provide more efficient local support to customers, while at the same time further extending the footprint of Glofiish-brand products.” noted Simon Hwang, CEO, E-TEN.

E-TEN remains committed to the continued innovation of versatile connectivity solutions for mobile professionals and consumers, which has become synonymous with the Glofiish brand.

With the worldwide smartphone market estimated to grow by more than 30% by 2011, Acer plans to leverage E-TEN’s experience and expertise to enhance its competitiveness in the ultra mobile segment, by combining PC and communication technologies.

The acquisition is subject to standard closing conditions, including obtaining approval from shareholders and regulators, and is expected to close during third quarter 2008.

Posted by: Matt

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Posted in: News

About the Author:

More than 20 years in the IT industry. Blogging with a passion and thirst for new technology since 2005.
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