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Elcoteq in Negotiations to Buy Arima? |
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Written by Chelsey Drysdale
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Friday, 02 May 2008 |
HELSINKI, FINLAND – Industry reports indicate Elcoteq is in final talks to acquire Taiwan's Arima Communications, which manufactures mobile handsets for Sony and LG Electronics, among others.
Industry sources claim an announcement can be expected once terms are finalized. However, Arima has denied a possible acquisition.
Stephen Hung, spokesman for Arima, said no talks were going on between the two companies, and Elcoteq spokeswoman Minna Aila reportedly declined comment, citing company policy not to comment on market rumors.
EMS provider Elcoteq, which builds for Nokia, among others, is reportedly interested in increasing its ODM capabilities. Arima has an R&D staff in its Taiwan and China locations.
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