Lenovo and NEC teaming up for Japans’s Largest PC Group

Lenovo and NEC today announced a strategic partnership which aims to create the largest PC group in Japan, which is the third largest PC market in the world. Under the new agreement both companies will join their market reputation, development capabilities, marketing and distribution to provide new products in Japan. They will  form NEC Lenovo Japan Group, and under this group, Lenovo and NEC will establish a new organization known as Lenovo NEC Holdings B.V., registered in the Netherlands.

Lenovo will hold the controlling stake of 51 percent in the new joint venture, while NEC will hold a 49 percent stake.The president of the new company will become Hideyo Takasu, currently President, NEC Personal Products, Ltd and Executive Chairman will be Roderick Lappin currently president of Lenovo (Japan).

But this partnership will not be limited only to PCs, as  Lenovo and NEC have also agreed to discuss further cooperation in other areas, including selling PCs and providing global support to Japanese companies operating outside of Japan  developing, producing, and selling devices such as tablets and selling additional IT platform products such as servers.

The transaction is expected to close by June 30, 2011.

Related posts

Creative Announces New SOUND BLASTER X-FI Notebook sound card and Creative Wireless Receiver

Designed to improve the audio quality of music, movies and games on notebook PCs and to play sound wirelessly through speakers in any room around the home. Creative, a worldwide leader in digital entertainment products, announces the Sound Blaster X-Fi® Notebook sound card, designed to make MP3...

LG reveals G Pro Lite smartphone

As expected before the South Korean tech giant LG has officially presented a simpler version of its G Pro smartphone. The new company product quite logically comes to us as LG G Pro Lite and measures 150.2 x 76.1 x 9.4 mm for total weight of 161 grams. The new LG smartphone...

Panasonic to launch new lens for Micro Four Thirds system

Panasonic has announced that it will release a new 12-35 mm f/2.8 lens for the Micro Four Thirds system on June 21 this year. The upcoming lens is the first Micro Four Thirds zoom in the world with an f/2.8 aperture across its entire focal range. At 12-35 mm it is equivalent to 24-70 mm...

Leave a comment