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D-Link Board Approves Demerger Plan
By
ChannelTimes Staff
Mumbai, Oct 07, 2008 1614 hrs IST
The Board of Directors of D-Link (India) has approved the proposal of restructuring the business of the company by a 'Scheme of Arrangement' at its Board meeting held recently.
Under this Scheme, D-Link India will take care of sales and marketing of active networking products, while the residual business of structured cabling systems, R&D, manufacturing and service operations will go to Smartlink Network Systems.
According to K. R. Naik, Executive Chairman, D-Link India, said, "The demerger will bring sharper focus to the two distinct set of activities and allow both companies to chart independent long-term strategies. This will lead to accelerated growth of the businesses of both companies resulting in enhanced shareholder value."
Speaking on the occasion, A. P. Chen, CFO and Executive VP D-Link Corporation, said, "We are excited by the growth potential in the India market for active networking products and believe that further focused approach resulting out of this demerger would help us accelerate our growth in India."
Smartlink will drive both captive and contract manufacturing businesses at its ISO 9000 certified factory in Goa; R&D at its center in Bangalore with specific focus on VoIP and routing products; design and development, manufacturing, marketing and sales of branded Digi-Link Passive Structured Cabling Systems and provide nationwide service and support for networking products.
The demerger is subject to the customary approvals of shareholders, creditors and other approvals.
Related Links:
D-Link Stirs Up Wireless Router Market
Park Networks to Distribute D-Link Products
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This is eol for Dlink now... |
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- Pinki,
RSV, Kolkata
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