August 9, 1995 |
A German company has acquired controlling interest in AmeriQuest Technologies Inc., an ailing microcomputer systems and peripherals distributor, for $50 million. Munich-based Computer 2000, which had loaned the Santa Ana company $18 million last November, has purchased 62% of AmeriQuest for an additional $32 million. AmeriQuest lost $3.
February 16, 1995
AmeriQuest Technologies Inc., an Irvine computer products distributor, said it lost $4.9 million, or 25 cents a share, in its second quarter ended Dec. 30. That compares with a net loss of $5 million, or $1.07 a share, for the comparable period a year earlier. Revenue rose to $123.5 million from $20.3 million. For the six-month period, the company reported a net loss of $6 million, or 39 cents a share, compared with a loss of $4.9 million, or $1.
November 15, 1994 |
A major German computer distributor said Monday that it has agreed to acquire a majority stake in AmeriQuest Technologies Inc. of Irvine in a transaction valued at about $50 million. Computer 2000 AG of Munich said it wants the 51% interest in AmeriQuest so it can start selling computers in the United States. Both companies said the deal will be good for AmeriQuest too, because it will give the Southern California company a strong partner and an opportunity to expand.
September 28, 1994
AmeriQuest Technologies Inc. said Tuesday it has agreed to acquire a Florida-based computer hardware distributor. Under the terms of the agreement, Irvine-based AmeriQuest, which also distributes computer hardware, will buy National Computer Distributors of Miami for 1.86 million shares of newly issued AmeriQuest common stock and $3.5 million in cash. The sale is expected to close by the end of October.
September 23, 1994
AmeriQuest Technologies Inc. stock ticked up slightly Thursday after the company said it had completed the first stage of its acquisition of a Robec Inc., a microcomputer distributor based in Horsham, Pa. Irvine-based AmeriQuest distributes both computer hardware and software products. In a stock swap, AmeriQuest purchased 2.22 million shares of Robec--a 50.1% stake in the company. The merger should be completed by the end of the year.