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The following article was published in our article directory on February 24, 2011.
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Lenovo And NEC Established Joint Venture Company

Article Category: Business

Author Name: xia zihui

Lenovo group and NEC corp. Announced today that set up a joint venture company, forming a strategic cooperation and jointly establish Japanese market's biggest PC group. NEC is Japan's biggest PC company, Lenovo, the criterion for global top 5 computer manufacturers fastest-growing manufacturers.

Lenovo and NEC will establish the NEC lenovo group, and constructs the Japan NEC holdings B.V. called lenovo's new company, the company registered in the Netherlands. According to the agreement, lenovo will hold the new joint venture company 51% of shares, and NEC will hold the 49%. At present the NEC personal products Co., LTD Hideyo Takasu will serve as the new President of the joint venture company President and CEO, lenovo (Japan) Co., LTD. The incumbent President Roderick Lappin will serve as executive chairman. Lenovo (Japan) Co., LTD and NEC personal computer company limited (from NEC personal products Co., LTD spin-off PC business and newly formed company) will become the new joint venture company wholly owned subsidiary. The completion of this transaction, lenovo will through issuing new shares pay NEC 1.75 billion dollars.

It is reported, NEC is always Japan PC market bibcock enterprise, has the strong sales, marketing and distribution capabilities. Lenovo is the world's fourth-largest PC manufacturers *, in yokohama, Japan has key r&d center - and laboratory (Yamato Lab), with main sales office in Tokyo. According to the agreement, both parties will promptly its Japanese business merger, the common production, product development and marketing. The deal is expected in the 30th of June 2011 completed.

Lenovo group CEO Yang yuanqing, said: "and NEC cooperation will greatly enhance our core PC business, also for us in Japan development provides new growth opportunity, this and our strategic fit." He further said: "for many years, Japan has been our attach to the market, there are also three one of our global r&d center. Through cooperation, lenovo in the global scale advantage and fast growth momentum, and NEC in Japan market leadership will jointly form more competitive, we both and our clients will benefit from it."

Both sides by independent operation, the expected during the transition to the joint venture company, and the continuing time, both sides of existing PC business (including customer service, product delivery and after-sales maintenance) will remain unchanged and follows NEC and lenovo's brand name. The joint venture company will combine NEC product development capabilities and lenovo's purchasing resources for the Japanese customers and provide the most suitable products. Consumer products, NEC and lenovo will continue their brands and existing sales and support channels. Commercial personal computers, NEC will continue through its existing trade promotion and support of the product.

In addition, lenovo and NEC also agreed to continue to explore the cooperative extension to more fields, including: sales personal computers and to outside operations in Japan japanese-owned company provide global support, The development, production and sales flat computer products; etc. Sales other IT platform products, such as servers, etc.

Lenovo group and NEC corp. Announced today that set up a joint venture company, forming a strategic cooperation and jointly establish Japanese market's biggest PC group. NEC is Japan's biggest PC company, Lenovo, the criterion for global top 5 computer manufacturers fastest-growing manufacturers.

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