Smartphone maker E-Ten acquired by Acer

Smartphone maker E-Ten acquired by Acer

March 4, 2016

Taiwan-based smartphone manufacturer E-Ten Information Systems are to be acquired later this year by Acer. The agreement includes a share exchange, with total equity value of US$290 million.

Both company’s board of directors have unanimously approved the deal.

In a press release detailing the acquisition, Acer indicated that the move is in line with its expansion strategy. It follows the recent acquisitions of Gateway and Packard Bell, and completes Acers range of mobile solutions. Acer’s president, Gianfranco Lanci, pointed out the the global smartphone market is predicted to grown by over 30% by 2011.

E-Ten has recently released a number of smartphones that use the Windows Mobile platform. Whilst Acer will continue to use the E-Ten Glofiish brand in the short term, an Acer branded smartphone is expected by the end of the year.

Under the agreement, both Acer and E-Ten will increase their outsourcing plans. E-Ten will, however, retain its current small production line for small volumes testing and production.

E-Ten’s co-operation with handset maker Arima Communications for technology development and manufacturing will continue.

timyeo

Related Posts

Tariam BGAN X-Stream goes live

Comments Off on Tariam BGAN X-Stream goes live

HTC to launch MID handsets this year

Comments Off on HTC to launch MID handsets this year

WiMAX could be launched in Taiwan as early as June

Comments Off on WiMAX could be launched in Taiwan as early as June

The Cloud chooses Interxion for colocation services

Comments Off on The Cloud chooses Interxion for colocation services

GSmart to release more GPS PDAs in conjunction with Garmin

Comments Off on GSmart to release more GPS PDAs in conjunction with Garmin

Previous divisions of Pipex group become GX Networks

Comments Off on Previous divisions of Pipex group become GX Networks

SMBs and the Significance of Mobile Communications

Comments Off on SMBs and the Significance of Mobile Communications

BT extends partnership with NetApp

Comments Off on BT extends partnership with NetApp

Broadband unavailable for business in rural Wales

Comments Off on Broadband unavailable for business in rural Wales

Comcast accused of blocking legitimate content

Comments Off on Comcast accused of blocking legitimate content

Vodafone feels heat of mobile broadband competition

Comments Off on Vodafone feels heat of mobile broadband competition

Virgin will not disconnect pirate downloaders

Comments Off on Virgin will not disconnect pirate downloaders

Create Account



Log In Your Account