Gigabyte to acquire Elsa

Posted on Friday, August 29 2003 @ 4:43 CEST by Thomas De Maesschalck
According to DigiTimes there are negotiates between Gigabyte and the German based graphics card maker Elsa.
Talks have been underway, and initial agreements have reportedly been set, sources added.

The acquisition could be finalized as early as late September, according to sources.

Gigabyte hopes to gain Elsa’s established brand name in workstation and desktop graphics cards. The acquisition, if completed, would also allow Gigabyte to garner the desktop graphics card orders that Elsa is currently placing at First International Computer (FIC).

Both Gigabyte and FIC are currently contract manufacturing Elsa’s desktop graphics cards using chips from ATI Technologies, according to sources.

ELSA reportedly has had financial difficulties for the past several years, leading it to sell or cease some overseas operations.
Source : DigiTimes

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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