The $500m merger of Computer Products Inc and Zytec Corp is now complete (CI No 3,239), establishing it as one of the largest suppliers of power supply products for the computer and communications industries. The new company is called Artesyn Technologies, although shareholder approval is pending to change the name and, for the time being, stock will trade under the Computer Products name. The combined company will employ 6,500 staff across the world and integration is said to be well under way. Under the terms of the merger, each share of Zytec common stock will be exchanged for 1.33 shares of Computer Products, the combined revenue anticipated to be around $530m a year. The company, which also sees the inclusion of Elba, a European power conversion products outfit acquired by Boca Raton, Florida-based Computer Products last year, will operate via several divisions across the world. Artesyn has already managed to blend the sales organizations and created a national accounts group, while the engineering teams have been organized into custom and standard product groups. As well as catering for the power product market, Artesyn has established the Communications Product Group, Computer Product’s Heurikon division, to provide communications technology to telecommunications operations. The new company has assured customers that no product currently in production will be eliminated as a result of the merger.