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Watford Electronics bought out

Globally buys owner of Time, Tiny and Aries

Watford Electronics, which owns the PC brands Aries, Carrera, Demonite, Time and Tiny as well as the Savastore.com website, has been bought out by Globally, according to a message posted on the Savastore site.

In consequence of the purchase, the site has temporarily closed for business. The company claims it will reopen "as soon as possible, following a full review of both business and technological processes".

Globally reportedly intends to expand on Watford's existing business, and the Savastore site's notice of sale includes a pledge that the purchasing company will wherever possible "assist and support all existing Savastore.com customers whose goods are not already covered by a manufacturer's warranty".

The news follows rumours earlier this month that the company was experiencing monetary difficulties, rumours that appeared to gain credence from the fact that several of Watford's PC brands – most notably the Time and Tiny brands, bought following Granville Technology Group's collapse in 2005 – were acquired as the result of financial misfortune.


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