Acer Inc. and Founder Group announce Memorandum of Understanding to enhance and expand ITC business in China
Acer Inc. and Founder Group will make cooperation in order to enhance and expand ITC business in China.
With high recognition of Founder's and Acer's corporate brands, and further with Acer's success on its unique multibrand strategy, both parties are intending to jointly involve Acer in planning, development and design of Founder brand products in order to provide to the market more competitive Founder PC products, including notebook, netbook as well as mobile internet devices, such as e-Reader.
Both parties will jointly address PC market in China. In fact, with Founder's comprehensive distribution channels and strength on PC marketing especially in tier 4 to 6 cities, rural areas and in segments of corporate and governmental clients, and with Acer's capability on defining and designing mobile products, Acer and Founder will be able to build up strong synergy on product offering, supply chain and channel coverage.
In addition to the above, both parties will also consider additional business cooperation relating to PC products such as activities on intellectual property rights, supply chain and afterservice.
Further to cooperation on PC products, both parties also intend to build up strong synergy on handheld PCB and non-PC products businesses.
To achieve the winwin, Acer Inc. and Founder Technologies agree to sooner negotiate and conclude appropriate contractual agreements, to base upon actual circumstances surrounded and more information exchange and communication, with appropriate and necessary business terms and conditions.
Acer Computer GmbH
Since its founding in 1976, Acer has achieved the goal of breaking the barriers between people and technology. Globally, Acer ranks No. 2 for total PCs and notebooks. A profitable and sustainable Channel Business Model is instrumental to the company's continuing growth, while its multibrand approach effectively integrates Acer, Gateway, Packard Bell, and eMachines brands in worldwide markets. Acer strives to design environmentally friendly products and establish a green supply chain through collaboration with suppliers. Acer is proud to be a Worldwide Partner of the Olympic Movement, including the Vancouver 2010 Olympic Winter and London 2012 Olympic Games. The Acer Group employs 7,000 people worldwide. 2009 revenues reached US$17.9 billion. See www.acer-group.com for more information.
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