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ADVANSUS NEWS RELEASE
19 April 2006 - Advantech UK
| Advansus Computer announces the establishment of the company in January 2006. Advansus Computer Co., Ltd is a joint venture between ASUSTeK [TSE:2357] and Advantech [TSE:2395] based on the strategic alliance agreement signed in September 2005. The initial paid-in capital of Advansus Computer Co. is NT$ 100 million with ASUSTek and Advantech holding 50% of the shares each. |
The company is expected to be fully operational from April 2006. Mr. K.C. Liu, Chairman of Advantech, will be Chairman of the Advansus Board of Directors, and Mr. Dixon Cheng, Chief Staff Officer of ASUSTek, will be the Deputy Chairman. Leveraging the two companies' complimentary core competencies as planned in the original alliance, Advansus will develop high-GP, mid-volume Design and Manufacturing Service (IC - D&MS) business in industrial computing and dedicate to becoming the global industry leader. Advansus Computer will set up its headquarter in ASUSTek's current Tao-Yuan Plant. The company will start with two business units. The first business unit will focus on Industrial Servers, Storage, and Notebooks targeting Tier-1 D&MS customers. The second business unit will focus on Industrial Motherboards and Rugged Tablet/Handheld devices targeting mid-to-small D&MS customers. Advantech will become Advansus' selling arm for its standard products under Advantech's brand name. Advansus will purchase part of ASUSTek's Tao-Yuan facilities and build its own manufacturing capabilities starting from the coming April. By end 2006, Advansus is expected to have 100 indirect employees, and the core manufacturing capabilities from the current ASUSTek's Tao-Yuan facilities. During the initial setup period, ASUSTek takes the lead in establishing Advansus' manufacturing capacity and capability while Advantech is in charge of constructing the infrastructure and transfers its industrial computing know-how. Both parent companies support Advansus' R&D needs. Longer term, the new venture will establish complete organization capabilities to achieve the world leadership of D&MS in Industrial Computing. It is expected that Advansus will provide ASUSTek diversified growth opportunities, and Advantech new products sales and cost-down benefits. In 2010, it targets to achieve NT$ 15 billion sales with 10% - 15%+ after tax net profits.
http://www.advantech-uk.com
About: Advantech UK
Advantech has been established in PC-based automation for almost 20 years. In this time, the company has built up a worldwide network of sales, support and logistics offices in 16 countries and has more than 60 distribution partners in territories where Advantech either has a local office or not.There are 4 logistics centres in Asia, America and Europe. The European Service Centre, which is also our European Headquarters, is based in Eindhoven in The Netherlands. Advantech founded a UK sales office in Milton Keynes in 1998, where 20 sales, marketing, technical support and administration staff now work. Please visit the contacts page for more information. Advantech's wide range of products are presented through three groups: Embedded Computing, Industrial Automation and Network Computing. Full information on these three groups can be found by opening the links below. Today, Advantech has in excess of 1200 products in its portfolio, with around 30 new products introduced each year by each group. |
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