Dell Inc has completed its $67-billion deal to acquire EMC Corp, creating the world’s largest privately-controlled technology company. The new company — Dell Technologies — will comprise Dell, Dell EMC, Pivotal, RSA, SecureWorks, Virtustream and VMware. It employs about 1.4 lakh people globally and will be headquartered at Round Rock, Texas.
The announcement follows regulatory approval by China’s ministry of commerce (MOFCOM). The companies have already received clearance from regulatory agencies in the US and other geographies. Dell Technologies will be separated into three business units — Client Solutions Group, Infrastructure Solutions Group and VMWare.
Did You Know?
Dell Technologies Inc is an American privately owned multinational computer technology company based in Round Rock, Texas, United States, that develops, sells, repairs, and supports computers and related products and services.
Eponymously named after its founder, Michael Dell, the company is one of the largest technological corporations in the world, employing more than 103,300 people worldwide.
In 2015, it was the third largest PC vendor in the world after Lenovo and HP.
Dell is the sixth largest company in Texas by total revenue, according to Fortune magazine.
Dell Inc. has invested an estimated $60 million in a new manufacturing unit in Chennai, India, to support the sales of its products in the Indian subcontinent.
No comments:
Post a Comment