Lenovo's insatiable ambition for growth has taken another boost today with the news that China's
best-known computer maker is partnering up with
NEC for a "strategic alliance" in Japan, the world's third biggest PC market. Under the terms of the deal, a new NEC Lenovo Japan Group will be formed, wherein Lenovo will benefit from 51 percent of the shares and NEC will own 49 percent plus the choice of first CEO, for which it's selected its own Hideyo Takasu. Lenovo will also pad NEC's pockets with $175 million of change and contractual formalities are expected to be completed by the end of June this year. Sadly, specifics on how this will benefit consumers are light on the ground -- both companies will continue to sell products under their respective brands and there's only general talk of collaboration, economies of scale, harnessing operational synergies, and leveraging each company's strengths. At least you'll know your computer's been made in the spirit of fraternal cooperation. Full PR after the break.
Continue reading Lenovo and NEC partner up to become Japan's biggest PC vendor
Lenovo and NEC partner up to become Japan's biggest PC vendor originally appeared on Engadget on Thu, 27 Jan 2011 07:06:00 EDT. Please see our terms for use of feeds.
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