SGI Acquires SGI Japan
SGI intends the acquisition of its namesake to serve as a strategic entry into the technical computing market of Japan. SGI Japan operates primarily as a sales and service organization.High-performance computer maker SGI has decided to buy SGI for $18 million in cash. Yes, you read that correctly. Fremont, Calif.-based SGI, once a power in the desktop workstation business as Silicon Graphics Inc., revealed March 9 that it has acquired all outstanding shares of its namesake, SGI Japan, Ltd., from a consortium of investors. Those include NEC, Sony, Canon Marketing Japan, and Morgan Stanley MUFG Securities.
Even though they shared the same name, the two companies were not interacting on a regular basis.