Under the terms of the agreement, SONICblue received (US) $2.7 million in cash and will receive an additional (US) $7.3 million if FGL Graphics meets operating plans for its business. ATI has acquired FGL Graphics’ business with the world’s major suppliers of high-performance workstation systems, including contracts with Compaq, Dell, Fujitsu, Hewlett-Packard, IBM and Siemens; the right to use the Fire GL brand name; and 35 highly-skilled employees at FGL Graphics research and development and marketing facilities in Munich, Germany, and San Jose, California.
ATI Completes Acquisition of FGL Graphics from SONICblue
COMPANY PRESS RELEASE: ATI Technologies Inc., a world leader in the supply of graphics, video and multimedia solutions, and SONICblue Incorporated, a leader in the converging Internet, digital media and consumer device markets, today announced that ATI has completed its acquisition of SONICblue's FGL Graphics division.