Lenovo acquires majority stake in Fujitsu

Lenovo, the world’s largest personal computer maker, has unveiled its plan to take over 51% stake of Fujitsu’s personal computer business for $269 million after having its strongest revenue growth in the past two years. The company is looking to strengthen its core business, even though PC makers are struggling as consumers switch to mobile devices. Lenovo was the largest seller of PCs in 2016, with 21% of global sales. This deal is set to lift that figure to nearly 40%. Lenovo will improve cost competitiveness worldwide, by combining economies of scales such as: sales channels and suppliers.

About Fujitsu:
Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions and services. Approximately 156,000 Fujitsu people support customers in more than 100 countries. Fujitsu uses their experience and the power of ICT to shape the future of society with customers. The company reported consolidated revenues of $41 billion for the year 2016.
 
About Lenovo:
Lenovo is a $45 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and enterprise technology. Its portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode Yoga brands), workstations, servers, storage, smart TVs and a family of mobile products like smartphones (including the Moto brand), tablets and apps.

The joint venture will leverage Fujitsu's capabilities in global sales, R&D, customer support, highly-automated and efficient manufacturing and systems integration that meet customers' demand. And, of course, it will benefit from Lenovo's global scale and presence.

C.A.