UPDATE: Hypertec buyout a relief: MD

UPDATE: Hypertec buyout a relief: MD

Hypertec regional managing director for Asia Pacific Andy Molnar yesterday described the acquisition of the company by Dataram as "a weight off my shoulders", following weeks of uncertainty surrounding the fate of parent company Memory Card Technology.

"We said it would be business as usual and it basically has been," he told ARN. "We have been terrifically supported here. We have had our normal flow of business and have not been as impacted as our collegues at MCT headquarters in Denmark."

The acquisition did not include MCT's US office, which will close down. For the time being, US customers will be supplied out of Denmark and the Latin American region will continue to be managed through the MCT Columbian office.

Molnar maintains Hypertec is a cash-positive business that could have traded for an extended period regardless. Nevertheless, the buyout is a welcome relief and will allow both companies to expand into new markets.

"I think inevitably there will be a marriage of product lines and the companies will take advantage of research and development but that will come out in time. For the moment, MCT will continue as a brand and the two parties will operate as separate companies."

MCT actively started looking for an investor six months ago, with a project code-named "operation perfect fit".

"MCT looked at a series of potential investors to see which would fit best with the philosophy and business practices of the company," Molnar explained. "That proved very difficult but Dataram is definitely the perfect fit. It is similar in size to MCT, but we have different market shares and different geographical coverage. For example, in the Asia-Pacific region, they have operations in Taiwan and Japan. We operate in Hong Kong, Singapore, India, and Malaysia so there is no overlap whatsoever.

"We are very strong in Germany and Italy, whereas Dataram is strong in France."

Photograph: Andy Molnar, Hypertec's regional manager for Asia Pacific.

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