Taipei, Taiwan, March 22nd, 2007 - On March 22nd, 2007, MiTAC International Corporation announced that it will acquire Tyan Computer Corporation.
Established in 1989, Tyan Computer Corporation is an industry leader in the design, manufacturing and marketing of innovative server, workstation and desktop systems and platforms. It is among an elite group of companies known for producing high-end servers. A truly complementary relationship, Tyan brings to MiTAC its core competency in the development and marketing of High Performance Computers (HPC) while MiTAC bring its expertise in R&D, manufacturing, supply chain management and product support.
"With the acquisition of Tyan Computer Corporation, MiTAC looks to further reinforce its ability to deliver innovative and cutting-edge networking and storage solutions,” said Billy Ho, President of MiTAC International Corporation. “Leveraging their different areas of expertise, MiTAC and Tyan are two complementary companies that have much to bring to the table.”
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 later.
The exchange ratio for MiTAC to Tyan stock will be 1 to 1.26.