In a transfer that has been within the works since over a yr in the past, Lenovo is ready to bolster its pc enterprise – which has slipped when it comes to efficiency this yr – by snapping up a majority stake in Fujitsu’s PC division.
Fujitsu Shopper Computing Restricted (FCCL) was spun off by Fujitsu in early 2016, and later within the yr, the corporate mentioned it was exploring a ‘strategic cooperation’ with Lenovo.
That has come to fruition with FCCL turning into a joint affair owned by Lenovo, Fujitsu, and the Improvement Financial institution of Japan (DBJ) – with Lenovo having a 51% stake, and DBJ proudly owning a 5% stake (with Fujitsu having the remainder, naturally).
Lenovo will initially pay Fujitsu $156 million (round £120 million), with an additional as much as $112 million (£85 million) to be paid relying on the corporate’s efficiency working as much as 2020.
Retaking the highest
Likely Lenovo hopes that it will assist shore up its PC gross sales figures, which as talked about have taken a little bit of a dive this yr, with the corporate dropping its primary spot within the world market to HP Inc.
Earlier to that, Lenovo was high canine within the PC area for fairly a while, however again in July, going by Gartner’s figures for Q2 2017, it misplaced that crown with shipments dropping by eight.four% year-on-year, whereas HP grew by three.three% to overhaul the Chinese language big.