Lite-On to take over BenQ's optical drive division
DigiTimes reports that Lite-On and BenQ have announced a strategic
alliance, under the terms of which Lite-On is to take over BenQ's
optical disc drive (ODD) division.
Lite-On IT will take over BenQ’s ODD business unit, including assets,
related technology and licensed use of patents, ODM client portfolio,
and order commitment on BenQ’s own-brand ODD products, at a purchasing
price of NT$1.2 billion [$37.15 million USD] in cash plus a 13% stake.
BenQ will thereby become the second largest shareholder of Lite-On IT.
The takeover is expected to be completed "on or about" June 1. In the
third quarter of last year, Lite-On and BenQ shipped 2.28 and 2.40
million desktop optical drive units worldwide, respectively, making them third
behind NEC and Hitachi/LG, which shipped 2.84 and 7.18 million
units. Combined, Lite-On and BenQ's sales would have added up to 4.68
million, placing them comfortably above NEC as the world's
second-biggest manufacturer of optical drives. We'll have to see if
these conditions still apply in the third quarter of this year, once the
takeover is complete.