The management team of U.S. Robotics Corporation has acquired a majority stake in the company from Solectron Inc. The acquisition gives the U.S. Robotics management team majority ownership in the company. Terms of the transaction will not be disclosed.
U.S. Robotics will retain its current employees including the executive management and account management teams. Moreover, the company’s supply chain infrastructure will remain intact, and existing distribution channels will be used for all current and future products.
3Com and Accton Technology Corporation maintain a minority interest. http://www.usr.com
