Continuing its spending spree, Acer announced Monday it plans to acquire E-Ten for $290 million.
Based in Taiwan, E-Ten has been around for more than two decades, and part of its business includes manufacturing Pocket PC phones and PDAs for other companies. But it’s probably known best to consumers by its Glofiish consumer brand name, established less than two years ago.
With this purchase, Acer, also based in Taiwan, appears laser-focused on becoming a major mobile player. Thanks to its acquisitions of both Gateway and Packard Bell, it’s already taken out Dell as the second-largest manufacturer of notebooks. Now it appears ready to jump into the handheld computing fray.
“The acquisition of E-Ten increases Acer’s global footprint by giving us a strong and highly credible presence in the mobility segment,” J.T. Wang, CEO of Acer, said in a statement.
Full Story Via News.com
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