Wednesday, January 28, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Reports Strong Fourth Quarter
Qualcomm Cuts Fiscal 2015 Outlook On Lower Chip Demand
Cloud Cryptographic Algorithm Protects Personal Data
Spying Program Runs Global Internet Watch: CBC
PlayStation Meets Spotify
Facebook Intros Trending Super Bowl
YouTube Now Defaults to HTML5
HP Led The Notebook Market In 2014
Active Discussions
Need major help with Gigabeat
New match-3 puzzle game launch now!
Rimage 2000i
Sound card for my Laptop
hello
full screen wide screen
Hi
About the restriction problem of chapter quantity in DVD
 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
Motorola Returns To The Chinese Market with Three New Phones
Lenovo Gets Back to School with New ThinkPad 11e Laptops
Lenovo Introduces New Smartphones And Mobile Accessories
Lenovo YOGA Tablet Family Debuts With AnyPen Technology, RealSense 3D Camera
Lenovo Unleashes Newest ThinkPad Portfolio At CES
Lenovo Recalls Computer Power Cords Due to Fire and Burn Hazards
Lenovo Posts Second Quarter Profit
Motorola Becomes Part Of Lenovo
Lenovo Releases The 13-inch Windows YOGA Tablet 2
Lenovo Reveals Wearable Smartband
Lenovo Inrtoduces YOGA 3 Pro, YOGA Tablet 2, YOGA Tablet 2 Pro
Lenovo Set to Close Acquisition of IBM's x86 Server Business

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .