NEC sells consumer PC arm

Japanese NEC Corporation (NEC) this week announced it had completed the sale of Netherlands-based Packard Bell B.V. (PB) to companies controlled by Mr. John Hui, the former owner of e-Machines.

  • E-Mail
By  Matthew Wade Published  October 30, 2006

Japanese NEC Corporation (NEC) this week announced it had completed the sale of Netherlands-based Packard Bell B.V. (PB) to companies controlled by Mr. John Hui, the former owner of e-Machines. PB had been, until this point, operated as a 100% wholly-owned subsidiary of NEC. PB manufacturers and markets consumer PCs and digital home entertainment products and services in Europe, the Middle East, Africa and South America. It has also of late extended its product lines to include consumer electronics releases such as MP3 and DVD players, as well as GPS devices. According to NEC’s press statement of this week, Mr. Hui has "extensive experience in the consumer personal computer business" and is thus well positioned to facilitate the future growth of Packard Bell's business. Shortly before the confirmation of PB’s sale, the Nihon Keizai business daily carried a story that reported NEC was in talks with Hui. This article estimated the potential deal as being worth as much as 10 billion yen (US $87 million).

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code