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Siemens Sells Mobile Division to BenQ

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Jun 7, 2005, 9:04 AM   by (staff)

Siemens today announced the sale of its mobile phone business to Taiwanese consumer electronics maker BenQ. The sale includes more than 6,000 employees worldwide and use of the Siemens brand name for five years. The deal gives BenQ access to markets beyond Asia, including Siemens strongholds in Europe and Latin America. The acquisition fits with BenQ's other consumer-oriented operations, and allows Siemens to focus on its strong commercial and industrial businesses. The deal is subject to approval by BenQ shareholders, and is expected to close in the fourth quarter of Siemens' fiscal year 2005.

more info at Siemens »
more info at Reuters »

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Subject Author Date
It's actually better this way, but... muchdrama Jun 7, 2005, 1:01 PM
5 years huh? scbysnx Jun 8, 2005, 3:54 AM
 
 
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