After a partnership that lasted for about half of a decade, Mitac International Corp. announced plans to fully acquire Tyan Computer Corp., a maker of server and workstation products. While it is unclear what will happen to Tyan’s brand-name, it is known that Mitac and Tyan will become one company which will share all the resources.
“With the acquisition of Tyan Computer Corp., Mitac looks to further reinforce its ability to deliver innovative and cutting-edge networking and storage solutions. Leveraging their different areas of expertise, Mitac and Tyan are two complementary companies that have much to bring to the table” said Billy Ho, president of Mitac International Corp.
Mitac and Tyan already have a long history of close cooperation. Beginning in 2001, Tyan Computer Corp. became an affiliate of Mitac International Corp., helping to expand the product portfolio and customer base of the latter. Back in 2002 Mitac already acquired a stake in Tyan and the latter then established a research and development engineering crew of about 40 to 50 engineers to develop the desktop products like mainboards for a single microprocessors or graphics cards in
Being fully owned by Mitac, Tyan brings to the Taiwan-based company its core competency in the development and marketing of high performance computers (HPC), while Mitac brings its expertise in R&D, manufacturing, supply chain management and product support.
The exchange ratio for Mitac to Tyan stock will be 1 to 1.26.