[May 28, 2012] Dell acquires Wyse Technology Tweet May 28, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Dell, Inc., a manufacturer of desktop PCs, servers, networking products, software and peripherals, has acquired Wyse Technology, Inc., a provider of hardware, infrastructure software, and services that comprise thin computing. Both the companies are based in the US. Announcement (April 2, 2012): Dell has signed a definitive agreement to acquire Wyse Technology. The transaction is valued at approximately $1,000 million. The transaction was approved by the Board of Directors of both the companies and is expected to be accretive to Dell non-GAAP earnings in the second half of its Fiscal Year 2013. Barclays Capital, Inc. is acting as financial advisor and Dewey & LeBoeuf is acting as legal advisor to Dell. The transaction is expected to close in the second quarter of Dell's financial year 2013. Deal Value (US$ Million) 1000 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2012-05-25 Deal Participants Target (Company) Wyse Technology, Inc. Acquirer (Company) Dell, Inc. Deal Rationale The addition of Wyse will expand Dell's desktop virtualization capabilities and also provides new solutions and services opportunities for the full range of its enterprise offerings. It will also strengthen Dell's strategy to offer its customers with innovative, end-to-end IT solutions from the edge to the core to the cloud. The acquisition provides Wyse with growth opportunities for its core desktop virtualization business, expand its operations into new and fast-growing market segments including mobility and cloud computing. [ Back To TMCnet.com's Homepage ]