High Tech Computer Corp. has signed an acquisition agreement with Dopod International to purchase the assets of nine Dopod subsidiaries, including Dopod Taiwan, Dopod Hong Kong, Dopod Singapore, Dopod Malaysia, Dopod Indonesia, Dopod Australia, Dopod Thailand, Dopod India, and Dopod Philippines.
Dopod International is one of the largest PDA and smartphone distributor in Asia. The transfer of all assets will become effective on 1 July 2007. HTC estimates that the total amount paid for these assets will not exceed US$14.5 million.
After the acquisition, HTC will unify the products under a single global brand. In the future, all of HTCís new products will be marketed under the HTC brand. However, Dopod Internationalís current on-the-market products will still be sold under the Dopod brand name.
This acquisition is also the start of HTC's operations in Asia, after a sucessful entrance in Europe after the company's acquisiotn of QTEK, another local brand.