Monday, September 01, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple's iCloud Could Have Allowed Celebrity Nude-Photo Leak
Google To Launch New Budget Phone In India
Asus ZenWatch To Have Voice Control Features
Miraisens Showcases Touchable 3D Tech
Nintendo's Figurines Coming Later This Year
ASUS and G.Skill Take Overclocking Records
Korean Researchers Advance Synthesis Process for Graphene Quantum Dots
LG Display Opens LCD Panel Plant in China
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > Lenovo ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, September 05, 2012
Lenovo Buys CCE


Lenovo today announced the acquisition of the CCE business, a company known in Brazil as a leader in PCs and consumer electronics.

The acquisition expands Lenovo's presence in the world's third-largest PC market, with a manufacturing presence and a full suite of consumer products across all four screens - PC, tablet, smart phone and TV .

"This move more than doubles our PC market share in Brazil, one of the world's fastest-growing and most important technology markets. It not only helps Lenovo rapidly expand its leadership here, but it also lays a foundation for our future PC+ vision," said Yuanqing Yang, chairman and CEO, Lenovo Group. "CCE is an excellent fit with its four screen product portfolio and a valuable manufacturing base in Brazil. CCE's management, who will become an essential part of our Brazilian operations, know the Brazilian consumer and will immediately help us establish a strong retail presence. We are confident the acquisition will drive growth; provide a bright future for our teams in Brazil; and bring an exciting, high quality array of products to market."

Lenovo is paying CCE's shareholders approximately 300 million Brazilian Reais, in a combination of cash and stock, for 100% of the company. Lenovo will retain CCE's management team including its founder and CEO, Mr. Roberto Sverner in the combined company.

The acquisition is subject to customary closing procedures and is expected to close in the first quarter of 2013.


Previous
Next
New Intel Development Suites Help Improve Application Performance on the Latest Processors        All News        Motorola Announces New Droid Razr Smartphones
Hackers Unveil Sony Mobile Customers Emails, Names     General Computing News      TSMC To Delay Transition To 450-mm Wafers

Get RSS feed Easy Print E-Mail this Message

Related News
Lenovo Expands Its ThinkCentre Range with Affordable Desktop PCs
U.S. Regulators Clear Sale Of IBM's Server Business to Lenovo
Lenovo Releases The 6-inch QHD Vibe Z2 Pro
Vuzix And Lenovo Launch M100 Smart Glasses Product
Lenovo Says It remains Committed To Windows Tablets in the U.S.
New Lenovo IdeaPad Y50 UHD Shipped With 4K Display
China Clears IBM, Lenovo Server Deal
Lenovo To Offer Visualization Technology Solution for Exploration Geophysics
Lenovo K920 Released With 6-inch Quad HD Screen
Lenovo Releases New Budget-Friendly ThinkServer Rack
Lenovo Vibe Z2 Pro Phablet Appears Online
Lenovo Profit Rises

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .