PC Mall Gov Acquires Products Business From GMRI
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PC Mall Gov, Inc., a wholly owned subsidiary of PC Mall, Inc. (Nasdaq:MALL) announced today that it has acquired the products business from Government Micro Resources, Inc. (GMRI), a government reseller of high-technology products including Sun Microsystems, IBM, Saba, and Apple.
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Gateway Inc. (GTW.N) said on Wednesday its personal computers would be widely available at Office Depot. (ODP.N) in the latest move by the PC maker to broaden distribution at retail stores since acquiring rival eMachines this year.
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General Electric Co. GE.N on Monday  said it would buy a fire detection systems business from SPX  Corp. SPW.N for nearly $1.4 billion in cash in a move to  bolster its infrastructure business.
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Gateway Inc. released the specifications Friday for a retail desktop PC based on a new motherboard design that should help cool high-end processors and graphics cards.
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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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Computer manufacturer sells new line through major retail centers in bid to return to profitability. SAN FRANCISCO  - PC manufacturer Gateway Inc.
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Gateway Inc. on Monday said its personal computers will be sold at consumer electronics retail giant Circuit City Stores Inc. locations starting next month.
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Stanley Works has agreed to buy Security Group Inc., a maker of locks and access systems, and said it completed the acquisition of Cal-Dor Specialties Inc.
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The PC company will sell a unit targeting education, midsized sized business, and government users.
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Computer manufacturer Gateway has added Micro Center to the list of retailers selling its new line of retail notebooks, desktops and monitors.
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The PC maker expands its retail presence by offering a range of products at the office superstore.
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Nucleus Software Exports Ltd today announced the purchase by the company and its nominees of 10,040,000 equity shares of Chennai-based GMAC Financial Services India Ltd, the Indian automotive finance operation of General Motors Acceptance Corporation.
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(InfoWorld) - Acer Inc. plans to acquire Gateway Inc. in a deal worth $710 million that Acer says will make it the world's third-largest PC vendor. Under terms of the agreement announced Monday, Acer will purchase all of Gateway's outstanding shares for $1.90 per share. The deal has already been approved by the boards of directors at both companies and should be completed by the end of this year, subject to government approval, Acer said in a statement. Gateway's shares ended at $1.21 Friday on the New York Stock Exchange. "This is the biggest acquisition in Acer's 30 year history," said J.T. Wang, Acer's chairman, speaking at a news conference in Taipei. "After this acquisition, we are solidly number three in the global PC market," Wang said. Acer's acquisition deal with Gateway also derails rivalÂ Lenovo Group's plans to acquire Packard Bell. Alongside the acquisition deal with Acer, Gateway unveiled plans to exercise its right of first refusal to acquire shares in Packard Bell's parent company, PB Holding Co. SARL, from John Hui. Hui is the founder ofÂ eMachines, which Gateway acquired in 2004, and the largest shareholder in Packard Bell. Gateway did not disclose how much it has offered for Hui's stake in PB Holding. Acer's efforts to overtake Lenovo will get a big boost from Gateway, which was the world's eighth largest PC vendor during 2006. Together Acer and Gateway shipped 18.6 million PCs during 2006, compared to 16.6 million PCs shipped by Lenovo. The Gateway acquisition will have the greatest impact in the U.S., where Acer has been growing fast but remains in sixth place among PC vendors. "This is definitely a good play for them from the U.S. consumer perspective," said Bryan Ma, director of personal systems research at IDC Asia-Pacific. However, the big question is how Acer plans to integrate Gateway with its own operations, and how smoothly the integration process will go, he said. Acer's share of the U.S. PC market grew 164 percent during the second quarter of 2007, compared to the same period last year. Acer shipped 888,000 PCs to U.S. customers, giving the company a 5.2 percent share of the market. By comparison, Gateway was the fourth-largest PC vendor during the second quarter, shipping 965,000 PC and taking 5.6 percent share of the U.S. PC market. The Gateway acquisition vaults Acer into the number three spot in the U.S. PC market, behind only HP and Dell. "Acer is an outstanding strategic partner for Gateway," said Ed Coleman, CEO of Gateway, in a video feed at the Taipei news conference to announce the deal. Gateway reported net income of $1.9 million for the second quarter, compared to a loss of $7.7 million one year earlier. The company said gains in its retail division during the period were offset by declining revenue in its professional and direct divisions. However, talks are currently underway to sell off the professional division to a third party, Gateway said Monday. The company did not offer details of those discussions. Â
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General Growth Properties Inc.  GGP.N, the No. 2 U.S. shopping mall owner, has agreed to buy  Rouse Co. RSE.N for $7.2 billion, expanding its holdings of  regional shopping centers and commercial property, the  companies said on Friday.
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Gateway has agreed to sell a unit targeting education, medium-size businesses, and government users to MPC for $90 million, the companies said Wednesday.
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Two local corporations, Zoll Medical Corp. of Chelmsford and Viisage Technology Inc. of Billerica, recently acquired companies in an effort to gain further market share in their respective industries.
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GNC Corp. , the leading  retailer of vitamins and nutrition products, agreed to be  acquired by Ares Management LLC and the Ontario Teachers'  Pension Plan in a deal with a total enterprise value of $1.65  billion.