Electronics Production | January 09, 2007
Sentex place bid on bankrupt BenQ-Mobile
US based Sentex Sensing Technologies, Inc. Makes Official Offer for BenQ-Siemens Germany.
Sentex Sensing Technologies, Inc., Henrik Rubinstein, President, and Bob Kendall, Chairman and Treasurer of Sentex Sensing Technologies, Inc., stated that they are making an offer to purchase BenQ Mobile GmbH & Co. OHG, Market Brand ``BenQ-Siemens.'' The previous Siemens Mobile Division filed insolvency and is under the administration of Prager Insolvency Administration Team Munich. Sentex stated their interest is based on the strong technology of the previous Siemens R&D as well the market access in Europe which produced more than 20 million high end mobile phones in the past year to consumers. Some joint developments on the Sentex Biometric product line brought the business line to the table. Sentex is in discussions with several financial institutions for the strategic financing for the deal to succeed. The administrative team of BenQ Mobile was very helpful in the due diligence process and created with Sentex a strong business model based on the previous $2 billion revenue from BenQ Mobile GmbH.