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Uniwill Merges with Elitegroup

Discussion in 'News' started by malware, Jul 13, 2006.

  1. malware New Member

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    Elitegroup Computer System Co., Ltd. (ECS) announced on July 10 that they will acquire the professional notebook maker Uniwill Computer Co., Ltd. via a share swap. This is the consecutive merger made by the leading motherboard maker who just acquired the desktop PC unit of Tatung at the beginning of 2006.

    Details of the merger at this time include the following: two shares of Uniwill will be swapped for one ECS share. The completion date will be on Dec. 1, 2006, according to ECS's statement filed to the Taiwan Stock Exchange. ECS will issue 184,930 new shares with a per-share price of NT$19.05 to complete the Uniwill acquisition. The merger will integrate manufacturing capabilities of the notebook, desktop PC and motherboard lines.

    Uniwill has been an established company for many years, and has accumulated many competitive advantages such as strong R&D experience in the ODM/OEM notebook market, solid production engineering ability, and good relationship with ODM/OEM clients. Uniwill had a good operating performance in 2005, their sales revenue and volume in 2005 reached to NT$26.8 billion and over 18,000K units respectively.

    ECS is a leading first-tier motherboard maker in the world. The main product lines are motherboards, graphic cards, desktop PCs, and notebook PCs. ECS not only dramatically enhances its global market share of ODM notebook PCs, but also improves its efficiency and effectiveness running operations in a collaborative relationship. Consequently, there are several potential advantages in ECS acquiring Uniwill that include operations management, product design ability, component manufacturing ability, and logistics. M. T. Chen, president of ECS said that the company's integration of Uniwill's OEM/ODM, R&D and management capabilities will help ECS enhance its business scale and increase its market share in the worldwide PC industry.

    After the integration, ECS will become a company with more than 400 R&D team members for notebook PC design and will scale volume up to 3 million sets per year. ECS will be firmly positioned as one of the top 5 notebook manufacturers in the world through expansion of the sales volume, increased OEM/ODM client base, and reduced procurement and manufacturing costs.

    Source: ECS
     
  2. ktr

    ktr

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    Ecs Suks!
     

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