Lenovo announced it will acquire CCE, Brazil's largest PC and consumer electronics vendor, in a cash an stock deal worth about US$147 million.
Lenovo said acquiring the company, known as CCE, would more than double its PC market share in Brazil, the world's third-largest PC market. CCE has more than 50 years of history in Brazil, marketing PCs and consumer electronics under brand names such as CCE, CCE Info and CCE Mobi.
Yuanqing Yang, chairman and CEO of Lenovo, said the deal lays the foundation for the company's "PC+ vision," including products like tablets and smartphones.
