Thursday, September 21, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook to Provide Congress With Ads Linked to Russian Internet Research Agency
Casio Announces Connected Watches For Men's G-SHOCK G-STEEL Line
AMD Said to Make AI Chip for Tesla
Mercedes to Invest $1 Billion in Alabama Electric Vehicle Factory
Your Next Smartphone's GPS Will be Extremely Accurate
Imagination Announces New PowerVR Series9XE and 9XM PowerVR GPUs, PowerVR 2NX NNA Hardware Neural Network Accelerator
Bose QC35 II Headphones are Optimized for the Google Assistant
GLOBALFOUNDRIES Introduces New 12nm FinFET Technology
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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 Settles FTC Charges it Harmed Consumers With Preinstalled Adware on its Laptops
IFA 2017: Lenovo Announces Windows Mixed Reality Headset and new 2-in-1 laptops
gamescom 2017: Lenovo Announces New Legion Gaming Towers
Lenovo Introduces New Star Wars Augmented Reality Headset
HP Takes Back PC Shipment Crown from Lenovo
Lenovo Launches Expanded Data Center Portfolio
New $179 Moto E4 Plus has a 5,000 mAh Battery
Lenovo Returns to Profitability
Lenovo Unveils New IdeaPad Laptop Family
Part Laptop, Part Tablet, The Lenovo Flex 11 Represents a New Generation of Chromebooks
Lenovo Makes Pro Virtual Reality Accessible With the ThinkStation P320
MWC: Lenovo Showcases The Detachable Miix 320, New Yoga 720 and 520 Convertibles And The Tab 4 Series

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .