DUBLIN: Over 5,300 people in Ireland will probably have to wait until next year to see if their jobs will be impacted by the planned $67bn (€59bn) acquisition of EMC by Dell.
The two computer giants confirmed the planned takeover yesterday in what is the biggest ever tech deal.
Michael Dell, who founded the eponymous computer maker, and EMC boss Joe Tucci insisted it will create opportunities to grow both businesses.
Mr Dell will lead the combined companies. The transaction isn’t expected to close until some time between May and October next year.
Privately-held Dell employs about 2,300 between sites at Cork, Limerick and Dublin.
EMC has 3,000 staff in Ireland, almost all of them based at its centre of excellence in Cork. It has about 50 employees at a sales office in Dublin.
Dell will also own EMC’s 80pc stake in stockmarket-listed VMware, which employs about 700 people in Cork. It helps customers make their data centres more efficient.
“We’re not actually going to move a whole lot of people around,” said Mr Dell on a conference call yesterday. He said that Dell has “great teams” at many sites in the United States and around the world.
This is the way global companies operate today and this business is going to get a whole lot larger as we close the transaction,” he said.
Mr Tucci added that nothing that happens between now and the deal being closed next year “will have anything to do with this combination”.
Mr Dell added that 20,000-plus sales executives at Dell are “super excited” about the takeover and the ability to have a stronger set of products for the millions of customers they serve.
