Lenovo starts sniffing around Fujitsu's PC business

October 7, 2016 | 09:18

Tags: #acquisition #investment #joint-venture #lenovoemc #nikkei #pc-market #thinkpad

Companies: #google #ibm #lenovo #medion #motorola #nec

Lenovo is looking into further acquisitions, with local sources suggesting it is in talks with Fujitsu to invest in the company's PC business.

Lenovo has grown via strategic acquisitions in the past: it famously took over IBM's personal computing business in 2005, including the well-regarded ThinkPad laptop range, followed by German PC brand Medion in 2011, Brazilian-based Digibras in 2012, US Stoneware in 2012, and what was formerly known as Motorola Mobility from Google in 2014 following a flip-flop in 2008 which saw Lenovo sell its in-house smartphone and tablet arm for $100 million only to buy it back again less than a year later for $200 million. The company has also formed joint ventures with NEC in the PC market and EMC for storage products.

Now, Lenovo is reportedly on the prowl once again. Local paper Nikkei is reporting that the company is in talks with Fujitsu for a deal surrounding the latter's PC design, development, and manufacturing divisions. Firm details are not yet available, however, with the paper's sources suggesting that multiple options ranging from Lenovo taking a stake in Fujitsu through to the two companies forming a joint venture taking total control of the PC arm, much as it did with NEC.

Should Lenovo choose to merge Fujitsu into its NEC-Lenovo joint venture, the paper notes, the resulting company would control around 40 percent of the Japanese market, of which Lenovo - having acquired the majority share of the venture from NEC in July this year - would have the bulk.

Fujitsu has issued a brief statement broadly confirming the report, stating simply that 'we are considering various options for the PC unit, including a possible deal with Lenovo.'
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