Lenovo expands in Europe
Friday 03 June 2011
The Chinese computer manufacturer Lenovo is set to increase its share of the European market after agreeing to take over the German electronics retailer Medion in a $900m (£550m) deal.
The move is seen as a way for Lenovo to build a presence in a mature market, and marks its biggest acquisition since buying IBM's PC business six years ago. The company's mature markets arm, which covers both the US and Europe, has so far lagged behind its Chinese business, which has proved the main driver of growth.
Lenovo, which makes the Thinkpad laptops, and Medion have agreed that no jobs will be lost as a result of the takeover.
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 2 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 4 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
- 5 UK weather: 'Coldest night of the year' tonight as freezing temperatures plummet to -10C
Millions of Britons struggling to feed themselves and facing malnourishment
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Immigrants make UK racist, says Ukip councillor Trevor Shonk
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...