Sony-Ericsson Acquires Putian Mobile
Sony Ericsson Mobile Communications announced that it will take control of Beijing Ericsson Putian Mobile Communications Co., Ltd. (BMC), a joint-venture mobile-phone manufacturing facility, by raising its share holding to 51 percent. Sony Ericsson Mobile Communications (China) will increase its stake in BMC from 10 to 26 percent, while Sony Ericsson Mobile Communications in addition will acquire a 25-percent equity stake in the company.
“The consolidation of BMC into Sony Ericsson will simplify the company’s supply chain, generate cost efficiencies and lead to a more efficient customization process,” said Miles Flint, President of Sony Ericsson. Flint also announced that Sony Ericsson’s China research and development centre will expand into a global development unit to develop products and applications for China as well as for the international market. Continue >>