PC vendor Lenovo and NEC Corporation (NEC) have joined hands to form a new group — NEC Lenovo Japan Group — which the company claims becomes Japan’s biggest PC provider.
The new group is expected to total nearly 25% of Japan’s PC market. The company hopes that the group will leverage the complementary strengths and expertise of NEC and Lenovo.
NEC Lenovo Japan Group comprises three companies: the holding company, Lenovo NEC Holdings B.V., NEC Personal Computers Ltd. and Lenovo Japan Ltd.
As a result of this transaction, NEC has received from Lenovo $175m through an issue of Lenovo shares.
Lenovo CEO Yang Yuanqing said the company is proud to announce the launch of NEC Lenovo Japan Group.
Yang Yuanqing said, "We have been engaged in extensive talks with NEC since the announcement of the joint venture in January to further mutual growth and cement our foundation for delivering innovative, high-quality products and services to Japanese customers.
"We would like to stress again that we are fully committed to the Japanese market and we are determined to continue to lead the PC industry in Japan and expand this strategic alliance beyond the PC business," Yang Yuanqing added.
NEC president Nobuhiro Endo said with this alliance, both companies will continue to progress and be committed to Japanese PC users as well as contributing more to the growth of the PC market in Japan.
Nobuhiro Endo added, "We will also strengthen our efforts to achieve the No.1 customer satisfaction for our quality, function and service. Furthermore, based on this strategic partnership, we will continue to discuss and assess new opportunities with this global partnership."
