Transaction

Advised: ICL on the sale of Alfaskop terminal business to WYSE Technology Inc.

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Deal summary

  • WYSE Technology Inc. has agreed to acquire Alfaskop, the terminal business, from ICL Plc
  • WYSE agreed to a three-year exclusive agreement to supply ICL-branded text terminals and other display products to ICL
  • WYSE acquired the ICL terminals development operation in Sweden with the intention of transferring manufacturing from the UK to its manufacturing facility in Taiwan
  • ICL retained the rights to continue to sell, support, and service all of its existing terminal products and all future terminal products that it bought in from WYSE.

About ICL

International Computers Limited (ICL) was a British computer hardware, computer software, and computer services company that operated from 1968 until 2002. It was formed through a merger of International Computers and Tabulators (ICT), English Electric Leo Marconi (EELM), and Elliott Automation in 1968. The company's most successful product line was the ICL 2900 Series range of mainframe computers.

In later years, ICL diversified its product line but the bulk of its profits always came from its mainframe customers. New ventures included marketing a range of powerful IBM clones made by Fujitsu, various minicomputer and personal computer ranges, and (more successfully) a range of retail point-of-sale equipment and back-office software. Although it had significant sales overseas, ICL's mainframe business was dominated by large contracts from the UK public sector, including Post Office Ltd, the Inland Revenue, the Department for Work and Pensions and the Ministry of Defence. It also had a strong market share with UK local authorities and (at that time) nationalized utilities including the water, electricity, and gas boards.


About WYSE Technology Inc.

Wyse was an American manufacturer of cloud computing systems. They were best known for their video terminal line introduced in the 1980s, which competed with the market-leading Digital. They also had a successful line of IBM PC compatible workstations in the mid-to-late 1980s but were outcompeted by companies such as Dell starting late in the decade. The company was acquired by Dell on May 25, 2012

  • Deal value

    Undisclosed

  • Location

    USA

  • Sector(s)

    Technology

  • Deal type

    Acquisition

This deal was made by

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