Wang agrees to purchase by Dutch firm

Wang Global today announced it has accepted a $2 billion offer from a Dutch computer services company.

Wang Global's board voted to accept Getronics NV's offer of $29.25 per share, a 39 percent increase over the 30-day average price of Wang Global shares, according to Wang Global, based in Billerica, Mass. Getronics is one of Europe's largest computer services companies.

The combined company will have annual revenue of about $5 billion, 33,000 employees and operations in more than 44 countries, according to Wang Global.

Wang Global chairman and chief executive officer Joseph Tucci will join Getronics' management board. James Hogan, president of Wang Government Services, is meeting with employees today and could not be reached for comment.

Featured

  • Image: Shutterstock

    COVID, black swans and gray rhinos

    Steven Kelman suggests we should spend more time planning for the known risks on the horizon.

  • IT Modernization
    businessman dragging old computer monitor (Ollyy/Shutterstock.com)

    Pro-bono technologists look to help cash-strapped states struggling with legacy systems

    As COVID-19 exposed vulnerabilities in state and local government IT systems, the newly formed U.S. Digital Response stepped in to help.

Stay Connected