ECS to acquire Uniwill, increase notebook presence
ECS has signed
an agreement to purchase Uniwill, a Taiwanese notebook original
design manufacturer (ODM) that supplies notebooks to system integrators.
ECS will acquire Uniwill via a share swap, exchanging two Uniwill shares
for each ECS share, totalling 184,930,000 shares at $0.58 each, or
$107,389,620. Once the acquisition is completed, an event expected to occur
on December 1, ECS will double its notebook research and development
staff from 200 to 400 employees. Additionally, ECS says it will become
one of the world's top five notebook manufacturers, enjoying such
customers as Fujitsu. ECS
already made strides in the desktop arena last year by acquiring
Tatung's desktop PC unit, placing it at the number-three spot in the
worldwide desktop ODM market according to TaiwanHeadlines.