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Lenovo looking for acquisitions in BRIC countries

Posted on Saturday, March 07 2009 @ 01:36:25 CET by

Lenovo CEO Yang Yuanqing reiterated he plans to acquire other PC makers to gain marketshare. World's fourth largest computer market says they're particularly interested in acquiring computer makers in BRIC countries; Brazil, Russia, India and China.
This is not the first time when Lenovo openly admits plans to acquire other PC makers. Unfortunately for the company, its only big acquisition in the recent years was IBM’s PC business. The company did not manage to take over Gateway in the U.S. or Packard Bell in Europe and lost its No. 3 spot on the PC market to Acer Group, which commanded 12.6% of computer shipments in Q3 2008, according to Gartner market tracking company, just a percent point behind Dell (13.6%). Furthermore, Lenovo did not, at least openly, fight for Fujitsu-Siemens, when the joint-venture was about to break up in the recent months.



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