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ECS Acquisition of Uniwill Computer Gains Shareholder Approval
2006/09/12
Product News
Taipei, Taiwan, September 12, 2006 – Elitegroup Computer Systems, Inc. (ECS), the world's leading manufacturer of desktop PCs, notebooks, servers, motherboards, video cards, wireless solutions and handheld devices, board of directors approved the company's Uniwill acquisition on August 28, 2006. This acquisition will allow customers of both companies to deploy a wide range of compelling notebook and white book products to the marketplace immediately, with targeted sales at 3 million sets the first year.
The meeting was held by ECS's Chairman W. Y. Lin. Under the terms of the agreement, ECS will acquire Uniwill Computer in an all-stock swap where two shares of Uniwill Computer will be swapped for one share of ECS. The expected completion date of the acquisition is December 1, 2006, where ECS will issue 184,930,000 new shares.
This is the second consecutive acquisition made by ECS after recently acquiring the desktop PC unit of Tatung last year and Uniwill in July of this year. Besides taking over the OEM business of Fujitsu Siemens from Uniwill Computer, ECS will be aggressively building up business relationships and gaining new orders from other first-tier OEM/ODM notebook clients.
According to M. T. Chen, President of ECS, the major players in the PC market are all getting larger, 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 consistently in the worldwide PC industry. In addition, ECS will be firmly positioned as one of the top 5 notebook manufacturers in the world and its production volume will scale up to 3 million sets per year, with an increased OEM/ODM client base and reduced procurement and manufacturing costs.
About ECS
The Elitegroup Computer Systems (ECS) has been a pioneer in designing and manufacturing computer motherboards since 1987. Today, the motherboard maker also designs and manufactures desktop PCs, notebooks, servers, motherboards, video cards, wireless solutions and handheld devices for distributors worldwide. Headquartered in Taiwan with operations in North America, Europe and China, Korea and Japan, ECS also has ISO 9001 and ISO 14001 certified manufacturing facilities in China, Mexico and Czech Republic. For more information, please visit ECS at www.ecs.com.tw.
Corporate PR Contact:
Elitegroup Computer Systems Co., Ltd.
Corporate Marketing Department
Mr. Dylan Chen
TEL: +886-2-2797-5266 Ext. 228
FAX: +886-2-2897-5695
Email: dylan.chen@ecs.com.tw
The meeting was held by ECS's Chairman W. Y. Lin. Under the terms of the agreement, ECS will acquire Uniwill Computer in an all-stock swap where two shares of Uniwill Computer will be swapped for one share of ECS. The expected completion date of the acquisition is December 1, 2006, where ECS will issue 184,930,000 new shares.
This is the second consecutive acquisition made by ECS after recently acquiring the desktop PC unit of Tatung last year and Uniwill in July of this year. Besides taking over the OEM business of Fujitsu Siemens from Uniwill Computer, ECS will be aggressively building up business relationships and gaining new orders from other first-tier OEM/ODM notebook clients.
According to M. T. Chen, President of ECS, the major players in the PC market are all getting larger, 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 consistently in the worldwide PC industry. In addition, ECS will be firmly positioned as one of the top 5 notebook manufacturers in the world and its production volume will scale up to 3 million sets per year, with an increased OEM/ODM client base and reduced procurement and manufacturing costs.
About ECS
The Elitegroup Computer Systems (ECS) has been a pioneer in designing and manufacturing computer motherboards since 1987. Today, the motherboard maker also designs and manufactures desktop PCs, notebooks, servers, motherboards, video cards, wireless solutions and handheld devices for distributors worldwide. Headquartered in Taiwan with operations in North America, Europe and China, Korea and Japan, ECS also has ISO 9001 and ISO 14001 certified manufacturing facilities in China, Mexico and Czech Republic. For more information, please visit ECS at www.ecs.com.tw.
Corporate PR Contact:
Elitegroup Computer Systems Co., Ltd.
Corporate Marketing Department
Mr. Dylan Chen
TEL: +886-2-2797-5266 Ext. 228
FAX: +886-2-2897-5695
Email: dylan.chen@ecs.com.tw