Escom AG Passes Away

Saturday, July 27, 1996 - The once mighty European PC manufacturer and retail distributor, Escom AG, will most likely become a memory soon. According to Reuters, the Dutch unit, Escom Netherlands, will be sold off to a through a management buy-out which is backed by two Dutch venture capital groups. The new company has announced that it will continue to sell computers through its network of 34 stores but that about 20% of the current workforce would be let go.

While this was good news for most of the Dutch employees, the UK division's 1,000 workers received very disturbing news late in the week when it was decided that Escom UK would have to be shut down after no buyers were found for the operation. Receivers for the company noted that discussions will continue with potential investors but that the high costs of continuing the operation have forced the decision to shut down.

Escom's sale of Amiga Technologies to Chicago-based VIScorp was finalized on July 18th. VIScorp takes complete control of all Amiga-based assets on the 19th of August.

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