In a merger of computer memory makers, Cambex
, of Waltham, Mass., has acquired Super PC
Memory, of Irvine, Calif.
Financial terms were not disclosed. Cambex has issued new shares of its common stock and will make payments based on the performance of the new subsidiary
over the next three years.
Super PC Memory technology is used in servers, workstations, desktop PCs and laptops. The deal allows Cambex to offer a complete memory product line, giving
large companies a single source for upgrading their system.
“Cambex’s high-end memory and Fibre Channel infrastructure products for mainframes and enterprise servers complement well the low-end memory products and
the strong sales organization of Super PC Memory,” said Joseph F. Kruy, Cambex’s chairman and CEO. “With this acquisition we are well positioned to
address our customers’ needs in the coming business recovery.”
Super PC had revenues of approximately $22 million last year.
Cambex was founded more than 30 years ago. The company’s products include memory for enterprise servers, workstations, and PCs as well as Fibre Channel
infrastructure products and disk array systems for building storage area networks. Among its partners is Hitachi Data Systems.
Shares of CBEX were off 0.15, or 20 percent, to .6 at midday. In the last 52 weeks, the issue has ranged from 0.16 to 1.08.