Acer, SNI continue takeover negotiations

Acer, SNI continue takeover negotiations

Plans for Acer's planned takeover of Siemens Nixdorf 's PC manufacturing operations have run into some snags, the companies confirmed late last week, but both parties said the deal is definitely still alive and kicking.

Originally scheduled to be finalised by the end of June, the complexity of the deal has led to unexpected delays in the negotiations, according to an Acer spokeswoman.

"There is still a risk that the deal will not go through, but that risk is pretty minimal," she said.

Siemens chairman Heinrich van Pierer said that the points of negotiation were only minor and he expects the deal to be sealed in the next two months.

"The fundamental issues have been set, but there are still some discussions on how the two organisations could cooperate in other areas, such as customer service on a worldwide basis," said an SNI spokesman.

Talks are set to resume within the next few days, the Acer spokeswoman said. Although Acer had hoped to finalise the agreement by the end of this month, the Acer spokeswoman conceded that this was a "pretty aggressive target".

SNI and Acer signed a memorandum of understanding in April to enter into a strategic alliance, under which Acer would become SNI's exclusive supplier of PCs, while also taking over the German PC vendor's manufacturing facility and 2000 staff in Germany.

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