Article: Taiwan BenQ announces to purchase Siemens' mobile phone business

Taiwan BenQ announces to purchase Siemens' mobile phone business

BEIJING, June 8 (Xinhua) -- Taiwan's biggest mobile phone maker, BenQ Corp., announced here Wednesday that it will purchase the mobile phone business of Siemens and the deal will be completed before Sep. 30.

Under the deal, all Siemens' mobile phone research, development and production bases, including a production line in Germany and another in Brazil, as well as its headquarters, marketing and sale agencies worldwide will be handed over to and managed by BenQ.

Siemens' 6,000 employees in the mobile phone sector will also be employed by BenQ, which can continue to use the trademark of Siemens for five years.

With the ...

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