Acer Acquires Gateway For $710 Million

Computer companies purchasing computer companies seems to be the new fad, and Acer wanted a big part. Today they announced the acquisition of Gateway, for approximately $710 million. What this accomplishes for Acer is that it puts them in the #3 spot for largest PC company in the world, amounts to $15 billion in revenues and one that will ship excess of 20 million PC units per year. How this will effect Gateway in the future is yet to be seen, but Acer is doing something right, as they’ve been increasingly popular over the past year.

“This strategic transaction is an important milestone in Acer’s long history” said J.T. 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. Upon acquiring Gateway, we will further solidify our position as number three PC vendor globally.”

Source: Acer Website