Feeds

Wang goes Dutch in $1.36 billion deal

Getronics swoops to form services behemoth

  • alert
  • submit to reddit

The essential guide to IT transformation

One of Dell’s key service partners, Wang, has been bought by Dutch services giant Getronics. The deal is worth around $1.36 billion, with the combined company worth an estimated $5 billion. Wang is the world’s number five IT services company and this deal saw its shares valued at more than 14 per cent more than the closing market price yesterday. Getronics is paying $29.25 per share for the 46.7 million outstanding Wang common shares. Despite its size, things haven’t always gone smoothly for Wang - in 1992 it filed for bankruptcy. It now has a turnover of around $3 billion and employs 20,000 people. The company pointed to falling demand for its wordprocessor machines as a reason for its struggle to survive in the early 90s. It got out of hardware manufacture to concentrate on services. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.