Dataram buys bust Danish firm
$32 million deal
Posted in Business, 20th March 2001 21:40 GMT
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Dataram is to buy the assets of ailing Danish memory manufacturer Memory Card Technology A/S (MCT).
US-based Dataram will pay $32 million for a bunch of MCT's assets, including its subsidiaries in Europe, Australia, Latin America and the Pacific Rim.
MCT is currently in the Danish equivalent of Chapter II, makes memory upgrades in its factories in Denmark and Australia - its products include Rambus, DDR, SDRAM, DRAM and SRAM, plus flash, video and cache memory.
New Jersey-based Dataram said the acquisition would push it further into Europe, Latin America and the Pacific Rim - MCT also has sales offices in Argentina, Columbia, Germany, Italy, the UK, Hong Kong, Thailand, Malaysia, Singapore, New Zealand, Chile and Mexico.
Dataram said it would keep its existing factory in Pennsylvania and sales office in the UK. ®
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