Acer buys 75 per cent of Packard Bell parent

Acer paid €31 million for a 75 per cent share of the parent of Packard Bell.

Taiwanese PC vendor, Acer, has purchased 75 per cent of the parent company of European electronics maker Packard Bell for Euro 31 million ($US45.8 million), Acer said in a statement to the Taiwan Stock Exchange Thursday.

The deal effectively seals Acer's bid to keep Chinese rival, Lenovo, from acquiring Packard Bell and gaining a foothold in Europe, where Acer enjoys strong sales.

Acer made the purchase with the help of another company it acquired recently, Gateway. The US company held the right to counter any offer for Packard Bell if it entered into talks with a third party, which Packard Bell did by speaking with Lenovo. In October, Gateway made a binding offer to buy shares from the largest shareholder in PB Holdings, Packard Bell's parent company.

That deal went through Wednesday, the Acer statement said. The company purchased 500 common shares of PB Holdings, in addition to 30,000 Class B convertible preferred equity certificates (CPECs) and 7000 class C CPECs.

Stock market analysts have argued buying Packard Bell is a waste of time for Acer because the company is already strong in Europe. But industry researchers, and Forrester in particular, argue the move staved off a Lenovo ploy that might have hurt Acer in there.

Acer bought Gateway last year for $US710 million.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Dan Nystedt

IDG News Service
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?