updated 04:00 pm EDT, Wed September 5, 2007
Gateway to sell Pro group
Following through on threats from late August, Gateway -- which was recently acquired by Acer -- has agreed to sell off its Professional division to MPC Corporation. The deal is hoped to be officially sealed by the end of 2007, and is estimated to be worth $90 million, based on a closing price from September 4th. The Professional division was used to target schools, businesses and government agencies, arranging for special deals and hardware options, such as workstations.
Gateway says that a "significant portion" of Professional workers will continue with MPC out of the former's North Sioux City building. MPC will also gain control of the Nashville assembly factory, and the Consumer Direct group that targets businesses with less than 100 employees.