Mitac buys Tyan
Mitac, the Taiwanese computer hardware firm, is acquiring Tyan Computer. The company currently has a 35 per cent stake in Tyan which builds servers for the value-added reseller and system integration markets. Mitac is an OEM for the top five server brands.
Billy Ho, president of Mitac, said there would be no conflict between the two firms as each focuses on different aspects of the server business, DigiTimes reports.
It is hoped that the merger will help Tyan be more competitive in the market.
Tyan stock price closed yesterday at NT$36, up NT$1.19 from the previous day's trading while Mitac's stock price also rose 2.64 per cent at NT$36.95. The acquisition should close by Q3. ®