Asustek buys Aaeon

Asustek has announced that it will acquire Aaeon Technology.

It is said to be paying around $173 million  (NT$5.3 billion) in cash for the manufacturer of industrial computers and wants the deal wrapped up by 21 January. It seems it has money to burn – with Digitimes reporting that the offer is a premium of 8.3 percent over Aaeon’s price share.

Asustek said that it expects to complete the acquisition through one of its subsidiaries by 21 January, and although the partnership may seem like an odd coupling there’s some method to the marriage. The acquisition will help Asustek expand industrial PC technologies to enterprises in the medical, transportation, industrial automation and other sectors, including cloud computing.

Aaeon also works with embedded systems and mobile computing. 

Asustek has fingers in lots of pies. In November it announced it was jumping on the tablet bandwagon with a predicted launch in January. Aaeon is a local but far smaller rival to the mighty Asustek – however it produces a wide range of products including rugged tablets. Asustek certainly sees potential somewhere.