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Article: VTech to Acquire a Mobile Phone Developer Entering Mobile Phone Market.
- Article from:
- PR Newswire
- Article date:
- June 27, 2000
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HONG KONG, June 27 /PRNewswire/ --
VTech Holdings Ltd (SEHK: 303; London SE: VTH: ADR: VTKHY) today announced the signing of agreement with Sensei Ltd, a UK-based specialist designer and developer of wireless portable devices, for the acquisition of the company. The deal will be valued at US$10.67 million plus 2.67 per cent of VTech shares.
Founded in 1998, Sensei has 42 staff including 34 R&D professionals, and has been VTech's technology consultant over the past 18 months for developing VTech's GSM platform. The first mobile phone, a dual-band GSM/DCS handset, has passed full type approval and is in pre-production at VTech's manufacturing plant in ...