Wednesday, March 04, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Nvidia Demonstrates The Massive Titan X Graphics Card
IBM Buys AlchemyAPI
New Toshiba Smartwatch Reference Model features Bluetooth connectivity and Qi Wireless Charging
Samsung Expands Digital Display Portfolio with YESCO Electronics Acquisition
LG To Launch New Flagship Smartphone
Valve Reveals Steam Link Box For Steam In-home Game Streaming
NVIDIA Launches Shield Android Console That Streams PC Games from the Cloud
Sony's Project Morpheus Upgraded, Coming in 2016
Active Discussions
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
need help on some cd burning...
 Home > News > Mobiles > BenQ to...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, June 07, 2005
BenQ to take over Siemens Mobile Phone


Following yesterday's speculations, Siemens AG said BenQ will take over its troubled mobile phone operations in a deal that will see the German electronics and engineering group buy a 50 mln eur stake in the Taiwanese company.

Effective October 1, 2005, BenQ will acquire Siemens" entire mobile devices business including all assets and liabilities of the business. Under the agreement, Siemens will become a shareholder in BenQ Corporation by purchasing "50 million in newly issued BenQ shares and providing funds totaling approximately "250 million to support the future of the business. Additionally, BenQ will serve as Siemens" preferred partner for end-to-end mobile communication solutions.

As part of the transaction, BenQ Corporation will gain the exclusive right to use the Siemens trademark for mobile phones for a period of 18 months from closing and co-branding rights to BenQ-Siemens for a period of 5 years from closing. This provides immediate global uplift to BenQ"s business development efforts through an association with the Siemens brand, which ranked number 39 in a recent global brand survey.

Beginning of a new partnership

The partnership, to be headquartered in Munich, will create one of the world"s leading global players in the mobile handset industry, with strong global manufacturing, design expertise and a robust intellectual property portfolio. The strategic partnership combines the uniquely complementary strengths of both companies.

"Today marks the next step in bringing BenQ"s enjoyment philosophy to the worldwide market," said K.Y. Lee, BenQ Chairman & CEO. "The acquisition of Siemens" mobile handset business allows us to bring the strengths of both companies together, enhancing our efforts to bring mobile handsets that reflect today"s digital convergence."

The acquisition reflects a unique complementary partnership. Complementing BenQ"s organizational and manufacturing cost efficiency, leadership in multimedia applications, and a strong understanding of the consumer market, Siemens will add over two decades of managerial experience, research and development, highly trained talents, quick ramp-up manufacturing and a global operations platform.

"With this partnership, we have found a sustainable solution for our mobile handset business," said Klaus Kleinfeld, CEO of Siemens AG. "BenQ and Siemens are two mutually complementary companies that each have many strengths to bring to the table."

The acquisition will create an intellectual property leader in the mobile handset industry. BenQ will have access to Siemens" portfolio of leading edge intellectual property including essential GSM, GPRS and 3G patents. The intellectual property in addition to the strengths of both companies will create a global mobile handset leader.


Previous
Next
LG.Philips LCD Signs Supply Agreement With HP        All News        Rambus Adds Samsung to Patent Infringement Litigation
New Platform for Multimedia Mobile Phones     Mobiles News      Siemens Finds Mobile Partner

Get RSS feed Easy Print E-Mail this Message

Related News
New BenQ Projector Supports 5-GHz WHDI Technology
Samsung May Delay Galaxy S4 Due To Panel Manufacturing Issues
LG Optimus G LTE Smartphone Shipping Next Month
Ericsson Set To Buy Nokia Siemens: report
New Quad-core LG Smartphone Coming In September
Samsung Says External Source Caused Galaxy S III Fire
Galaxy Chat To Hit European Shelves This Month
Samsung Expects To Sell 10 mln Galaxy S3 Smartphones By End of July
Weak Supply Of HD Displays Will Limit Shipments Of High-end Smartphones
LG Launching Voice Recognition Service Challenging Apple's Siri And S Voice
Samsung Makes Android SAFE For Enterprises
Sharp Showcases Its "Feel UX" User Interface For Smartphones

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .