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Tuesday, March 4, 2008
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E-TEN and Acer announce acquisition agreement
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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.
For questions please contact sales@etencorp.com.
To learn more about Glofiish Pocket PC Phones and accessories designed by E-TEN please visit: www.glofiish.com. |
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