U.S. ROBOTICS ACQUIRES FRANCE'S P.N.B., s.a.
SKOKIE, Ill., March 25 /PRNewswire/ -- U.S. Robotics, Inc., (NASDAQ: USRX) today announced that it has acquired 100 percent of the common stock of P.N.B., s.a. Based in Suresnes, France, P.N.B. is best known as a designer and manufacturer of data communications products for IBM-compatible personal computers and work stations and is a leading international supplier of products for portable computers. "The acquisition of P.N.B. significantly expands our presence in the French market and enhances our already strong position throughout Europe," said Casey Cowell, U.S. Robotics chairman, president and CEO. "With the P.N.B. acquisition, we now have a greatly expanded customer base, which is essential in cultivating new business ventures in France in particular and Europe in general," he added. "In aligning with U.S. Robotics, we have greatly increased financial, technical, marketing and manufacturing resources to expand our business in France and internationally," said Isabelle Pesquie Nikitine, P.N.B. chairman. Founded in 1985 by Isabelle Pesquie Nikitine and Nicholas Bocquet, P.N.B. will become a wholly owned subsidiary of Skokie-based U.S. Robotics. Nikitine remains with the company as chairman, and Bocquet will be director of research and development. "The addition of P.N.B. reinforces our decision to make France the center of our European operations," said John McCartney, U.S. Robotics executive vice president, international operations. "With P.N.B. headquartered near Paris and U.S. Robotics s.a., in Lille, we feel that we have accomplished that goal." All three European subsidiaries, U.S. Robotics, Ltd. (U.K.), U.S. Robotics, s.a. and now P.N.B., s.a. report to McCartney, who is headquartered in Paris. The combined organizations will allow U.S. Robotics to accelerate its already rapid growth in the European data communications market, which has given the company a leading position in high-speed, dial-up communications product sales throughout the continent. U.S. Robotics has a history of seeking alliances with local partners. In 1989 the company acquired Miracom Technology in the United Kingdom, which today has the largest high-speed dial-up modem market share in that country. With its 1991 acquisition of Touchbase Systems, U.S. Robotics established a strong base of operations in Lille, France supporting all European sales, marketing and technical support efforts. The P.N.B. acquisition fortifies U.S. Robotics sales and marketing operations in France and Europe and positions the company as the premier supplier of data communications products on the continent. The P.N.B. acquisition gives U.S. Robotics a strong European research and development team. "The P.N.B. acquisition is a marriage of strengths," said U.S. Robotics' Cowell. "We have continually moved USR from its roots in high-speed analog communications to full-scale data communications, spanning desktop to data center. With P.N.B., we build our ISDN and PCMCIA offerings, thus confirming our commitment as the world's data communications leaders." U.S. Robotics, Inc., (NASDAQ:USRX), is a leading designer, manufacturer and marketer of data communications systems and products. Both corporate headquarters and manufacturing operations are based in Skokie, Ill. U.S. Robotics owns and operates U.S. Robotics, Ltd., Slough, England, and U.S. Robotics, s.a., Lille, France. The company markets its products to business, industry, government agencies and original equipment manufacturers. -0- 3/25/93 /CONTACT: Ross Manire, 708-933-5116, or Karen Novak, 708-982-5244, of U.S. Robotics/ (USRX)
CO: U.S. Robotics, Inc.; P.N.B., s.a. ST: Illinois IN: CPR SU: TNM
SM -- NY081 -- 9442 03/25/93 16:59 EST
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|Date:||Mar 25, 1993|
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