Saturday, October 25, 2014
Search
  
Thursday, January 31, 2013
 Lite-On Technology to Acquire Lite-On IT
You are sending an email that contains the article
and a private message for your recipient(s).
Your Name:
Your e-mail: * Required!
Recipient (e-mail): *
Subject: *
Introductory Message:
HTML/Text
(Photo: Yes/No)
(At the moment, only Text is allowed...)
 
Message Text: Lite-On Technology has announced plans to acquire the remaining outstanding shares of Lite-On IT, the popular optical disc drive (ODD) and SSD (solid-state drive) maker.

Lite-On Technology, which currently holds 42.32% of Lite-On IT, will own the 100% of the company after the acquisition.

According to the deal, Lite-On will integrate Lite-On IT's resources, improve R&D capability and operational efficiency, and decrease production cost. Lite-On will also enrich its product portfolio and strengthen its competitiveness. Lite-On IT's step into SSD production could help Lite-On enter the cloud computing business.

Lite-On Technology will firstly establish a wholly-owned subsidiary, Baoyuan, specifically for the takeover. Baoyuan will undertake open purchase of the remaining Lite-On IT shares. Baoyuan will then merge with Lite-On Technology.
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .