Wang agrees to purchase by Dutch firm

  • By Margret Johnston
  • May 03, 1999

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

  • Defense
    Ryan D. McCarthy being sworn in as Army Secretary Oct. 10, 2019. (Photo credit: Sgt. Dana Clarke/U.S. Army)

    Army wants to spend nearly $1B on cloud, data by 2025

    Army Secretary Ryan McCarthy said lack of funding or a potential delay in the JEDI cloud bid "strikes to the heart of our concern."

  • Congress
    Rep. Jim Langevin (D-R.I.) at the Hack the Capitol conference Sept. 20, 2018

    Jim Langevin's view from the Hill

    As chairman of of the Intelligence and Emerging Threats and Capabilities subcommittee of the House Armed Services Committe and a member of the House Homeland Security Committee, Rhode Island Democrat Jim Langevin is one of the most influential voices on cybersecurity in Congress.

Stay Connected

FCW INSIDER

Sign up for our newsletter.

I agree to this site's Privacy Policy.