Low-cost PC maker Everex this week said it had agreed to be acquired by systems integrator Newmarket Technology for an undisclosed sum.

Newmarket said it will buy 75 percent of Everex's shares from parent company First International Computer, a Taiwan-based PC vendor.

Everex is well-known for the Linux-based Cloudbook, an inexpensive ultraportable notebook computer like the Asus Eee PC, which it introduced earlier this year. In April, Everex announced Cloudbook Max, an ultraportable laptop that includes WiMax mobile broadband capabilities.

The company also sells laptops and desktops in North America and Asia-Pacific through Wal-Mart and other distribution channels.

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