Lenovo - Growing Greater With Mergers plus Acquisitions
Lenovo - Incessantly Delivering Long-lasting and Reliable Range of Recollection Products:
Lenovo, or Lenovo Group Limited, is a China's multinational company with headquarters in Beijing, China, along with North Carolina, United States. Originally created in 1984 in Beijing as Legend, they are now known (since 2004) as Lenovo. Today, the company operates using 27, 000 employees in around 60 countries and their products reach about 160 countries worldwide. They made almost $30 billion with 2012, with $472 zillion in net income and $15. 86 billion in total assets.
About its Mergers and Acquisitions:
Due to various mergers and acquisitions, Lenovo right now ranks as the world's most significant personal computer vendor. Notably, Lenovo acquired IBM's personal computer small business in 2005, which granted them to gain access to foreign market segments and improve their branding. This kind of acquisition was valued from $1. 25 billion, with the extra $500 million involving IBM debt that Lenovo took on. As a result of this particular merger, Lenovo got the particular ThinkPad brand, which was certainly one of IBM's most advanced PC making technologies, in addition to IBM's worldwide distribution network. In order to more focus on the personal computer market, Lenovo sold its Cell phone and tablet division for $100 million in '08, but made an about-face and bought it back these year for $200 thousand. The mobile division has become ranked 3rd in China's mobile handset market. Down the road in 2011, Lenovo and NEC created a joint venture to produce pcs, with Lenovo and NEC owning a 51% and 49% stake, respectively. This transfer was expected to expand Lenovo's sales into Japan. In the years of 2011 and 2012, Lenovo also merged with one of these smaller-name electronics and software program companies:
Median - A language like german electronics manufacturing company
Digibras - Brazilian electronics company
Stoneware - US-based software program company
Rich Portfolio an excellent source of Performing Products:
Currently, Lenovo regularly sells:
Personal computers
Asus tablets
Smartphone
Workstations
Electronic hard drive devices
Servers
IT managing software
Smart televisions
The Most Purchased and Popular Among the Product Line:
Of these, they are most well-known with regard to their ThinkPad line of notebook computers and the Think Centre line of desktop pcs. The ThinkPad line is really a business-centric laptop computer with a boxy black design, originally a good IBM product. Since Lenovo took over the brand via IBM sales of the ThinkPad brand has doubled. The actual Think Centre is a also business-centric desktop computer that was also an IBM product. In Lenovo ThinkBook Plus review , Lenovo offers the Think Server, Think Station, and Believe Vision. These products are computers, workstations, and displays, respectively.