Acer acquisition Gateway to sell professional unit to MPC

Acer takeover target Gateway has agreed to sell a unit targeting education, medium sized business and government users to US firm MPC for $90m (£45m), Gateway and MPC said today.

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Acer takeover target Gateway has agreed to sell a unit targeting education, medium sized business and government users to US firm MPC for $90m (£45m), Gateway and MPC said today.

MPC plans to combine the unit with its own operations. The combined revenue of MPC and Gateway's Professional division would have been $1.2bn (£600m) last year, MPC said in a statement.

MPC will gain a PC assembly facility in Tennessee, as well as a portion of Gateway's consumer direct business, the companies said. The company will also immediately assume responsibility for all operations and warranty support associated with the Gateway unit.

The deal is expected to close early in the fourth quarter of this year.

Acer announced last week it will acquire Gateway for $710m (£355m). At the time, the companies said Gateway was in the process of selling off its professional business.

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