Taiwan's Acer to Acquire Gateway
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A move to acquire U.S. computer maker Gateway for $710 million will push Taiwanese company Acer past China's Lenovo Group as the world's third largest vendor of personal computers. Are the signature cow boxes included in the deal?
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The Taiwanese PC maker has been growing fast. With Gateway, it gets a bigger foothold on U.S. soil.
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Acer's acquisition of Gateway will result in a different product mix starting with some new Gateway laptops to be released early next year, an Acer executive says.
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(InfoWorld) - People fearing they might miss Gateway's signature black-and-white dairy cow PC boxes after the company is acquired by Acer Inc. have little reason to worry: Acer not only plans to keep the Gateway Inc. brand just the way it is, the Taiwanese company hopes to expand it. "A strong U.S. brand such as Gateway's can be expanded overseas into other markets," said Gianfranco Lanci, president of Acer, in a video feed at the Taipei news conference to announce the deal. Acer's determination to grow the brand should be some relief to American users. Gateway is the fourth biggest PC brand in the U.S., and popular among consumers. But until now, Acer has sold all of its products under its own name. Its strategy going forward is to start using multiple brands in all areas of the world, including the Gateway brand, as well as eMachines and possibly Packard Bell.Â Gateway plans to buy Packard Bell BV, which would ultimately end up as another Acer brand once the Acer-Gateway deal is finalized. Going forward, Acer plans to combine the talents of each company in order to expand product offerings for users. For example, Gateway is strong in desktop monitors, where Acer is weak, so Acer will use some Gateway technology to improve its offerings, said Lanci. The two companies will see where they can share designs and technology to improve their entire desktop and laptop PC line-ups, and expand this product cooperation to Packard Bell if a deal for the company is made. The deal could also mean more PC bargains for users. Becoming larger means Acer can gain better volume discounts when negotiating with parts suppliers. In addition, competition with Hewlett-Packard Co. and Dell Inc. should remain fierce, and the companies all work hard to keep prices low. Acer agreed to buy Gateway in an all-cash deal valued at US$710 million. The two companies combined will become the world's third largest PC vendor by shipments, at around 20 million desktops and laptops a year, and will transform Acer into a multibrand company. The Acer-Gateway deal still faces regulatory and shareholder scrutiny before being finalized. The boards of directors of both companies have already signed off on the agreement. Acer expects to gain $150 million worth of efficiencies via the Gateway deal, in expanding product lines, cross-selling products, cost cutting and in other ways. The Taiwanese company said Gateway employees would be critical to its success in expanding the brand, but did not say whether it would cut staff. Â
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Acer's planned $710 million acquisitionÂ of U.S. PC vendor GatewayÂ won antitrust approval in the U.S. as the clock struck midnight Monday, Gateway said.
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PC maker Gateway Inc. announced on Sunday that its recent line of laptop computers, desktop computers, and monitors will be available to customers at Micro Center.
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InfoWorld - The new Gateway will launch a complete line of notebook PCs as one of many steps to revitalize its business afterÂ merging with Acer, an Acer executive said Friday.
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To keep Lenovo from buying Packard Bell, Acer has acquired 75 percent of parent company PB Holdings.
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Acer plans to buy the U.S. computer maker for $710 million in a deal that will push it past Chinaâs Lenovo Group to become the worldâs third largest PC vendor.
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Acer's acquisition of Gateway has had a definite impact on its overall market share, its chairman said Friday, and forecasted the manufacturer would be able to ship 25 percent more computers in 2008.
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An agreement announced Monday would deliver Gateway Inc. to former rival Acer Inc. for $710 million. The acquisition would make Acer the third-largest PC vendor in the world.
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Taiwanese PC vendor Acer predicts its PC shipments will grow as much as 35 percent this year led by a strong notebook PC market, a pace of growth that could see the company challenge U.S. rivals by the end of this year.Acer&#39;s revenue grew 25 percent last year to NT$461.7 billion (US$14.42 billion) and the company made inroads to the world&#39;s largest PC market, the U.S., by acquiring Gateway. The revenue figure is preliminary and only includes Gateway&#39;s last two and a half months of the year because the merger process took place late in the year.Acer bought Gateway&#160;for US$710 million last year.But the figures and PC shipments had a tremendous impact on Acer&#39;s global PC rankings in the final three months of 2007.The company took a solid third place in global PC shipments last year,&#160;topping Chinese rival Lenovo and gaining ground on Dell. Acer&#39;s global PC shipment market share during the fourth quarter of 2007 reached 9.6 percent in the fourth quarter, up 60 percent over the same time a year earlier, according to IDC, the industry researcher.Lenovo, which had been jockeying for third place with Acer all year, fell to fourth with a 7.5 percent share of the global market. HP retained its first place ranking with 19 percent market share, while Dell remained firmly in second place at 14.6 percent.&quot;Combined Acer/Gateway growth continued to be the fastest among the top vendors and is a very solid performance for the first quarter of merged operations,&quot; IDC said in a statement. &quot;Acer also clearly established itself as the third largest vendor, overtaking Lenovo, and seems to be handling the Gateway integration quickly,&quot; the statement says.This year, Acer forecast its PC shipments overall will rise between 30 percent and 35 percent, led by 40 percent shipment growth in notebook PCs. Such strong growth could help the company challenge Dell, which saw its PC shipments grow only 1.7 percent in 2007, according to figures from Gartner. The market researcher put Acer&#39;s shipment growth last year at 32.9 percent for the year.Acer&#39;s chairman, J.T. Wang, predicted last October that Acer could take up to a 12 percent share of the global PC market, putting it in the position to challenge Dell.Acer&#39;s net profit was NT$12.9 billion in 2007, up from NT$10.2 billion a year earlier. The company&#39;s 2007 figures are all preliminary, Acer said. Final results will be published later.&#160;
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Acer becomes the world's third largest PC vendor; purchase of Packard Bell is still pending.
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The personal computer industry is in for a wave of consolidation, the president of Acer  said on Friday, adding the Taiwanese PC maker did not plan any buys itself for up to two years.
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The cow jumps over the Pacific Acer plans to buy Gateway in a deal worth $710m, which will make Taiwan's computer giant the third-largest computer supplier in the world.â¦
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Acer Inc. plans to acquire U.S. computer maker Gateway Inc. for $710 million in a deal that will push the Taiwanese company past China's Lenovo Group as the world's third largest vendor of personal computers.
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Taiwan's top computer vendor Acer Inc  , battling China's Lenovo for the title of the world's  third-largest PC maker, posted a better-than-expected 58  percent rise in quarterly profit thanks to strong laptop demand  from emerging and mature markets.