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Acer acquires Gateway

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Taiwan-based Acer has finally made its predicted move towards becoming one of the world's major PC players with the acquistion of Gateway for $710-million.

The acquisition, which is expected to be finalised by December, sees the creation of a $15-billion PC company with shipments in excess of 20-million units per annum.
It also sees Acer – through Gateway – taking a controlling interest in Packard Bell BV, one of Europe's leading PC vendors. This would seem to have put a spoke in the wheel of Lenovo which, according to reports, had aspirations about buying Packard Bell's European operations.
"This strategic transaction is an important milestone in Acer’s long history," says JT Wang, chairman of Acer. "The acquisition of Gateway and its strong brand immediately completes Acer’s global footprint by strengthening our US presence.
"This will be an excellent addition to Acer’s already strong positions in Europe and Asia," he says. " Upon acquiring Gateway, we will further solidify our position as number three PC vendor globally."