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BenQ to sell digital camera business

Ralf Jurrien : 2007-05-25 10:48:00
BenQ to sell digital camera business : BenQ Corporation and Ability Enterprise Co., Ltd., a Taiwan-based manufacturer of digital cameras, announced that they have entered into an agreement for the acquisition of BenQ’s digital camera-related R&D and manufacturing facilities. The acquisition aims to strengthen ties between the two companies on future collaborations, while complementing both parties’ product offerings. Ability has agreed to acquire BenQ’s digital camera-related assets, including manufacturing equipment and materials at the book value determined on June 30, 2007. Approximately 70 employees, mostly comprised of R&D personnel within the digital camera business unit, will be joining Ability starting on June 1, 2007.






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