Lenovo completes acquisition of Motorola Mobile as third-largest handset maker

Lenovo's takeover of Motorola, which has been waiting for approval from the Ministry of Commerce, has finally settled.

October 30, 2014, the United States North Carolina State Triangle Research Park and Mountain View, Calif.-Lenovo Group and Google announced today, Lenovo officially completed the acquisition of Motorola Mobile from Google

With the acquisition of Motorola brand, innovative smartphone portfolio such as Moto X, Moto G, Moto E and Droidtm series, and Motorola's future product planning, Lenovo became the world's third-largest expert machine maker.

Lenovo will operate Motorola in the form of a wholly owned subsidiary, and its headquarters will continue to be based in Chicago, USA. After the acquisition, nearly 3,500 employees from around the world will join Lenovo, including about 2,800 employees in the United States who design, plan, sell and support Motorola's outstanding products.

"Today is a historic day for Lenovo and Motorola, and we are ready to compete and grow in the global smartphone market," he said. We will bring more choices, more competitive and innovative products to the market, while strengthening the status of the world's third-largest intelligent machine manufacturers, the two opponents to launch a strong challenge. "The combination of the two sides shows a high degree of match: Lenovo has a clear strategy, a global business scale and excellent operational capabilities," said Yang, chairman and chief executive of Lenovo Group. Motorola in the United States and other mature market strength, and mobile operators have a good relationship, and has a high profile brand, rich patent portfolio and talented team, we have the confidence to achieve integration, win the market together. ”

Larry Page, Google's chief executive, said, "Lenovo is a company dedicated to creating excellence for users, and we are pleased to see Motorola join Lenovo." ”

Lenovo executive vice president and mobile business Group president Liu June will serve as chairman of Motorola Mobile management committee. Motorola Senior executive Rick Osterloh will continue to serve as Motorola's president and chief operating officer.

Motorola has shown strong momentum, and recent performance shows that Motorola's outstanding products are well received by consumers, and consumers are excited by the outstanding innovation and simplicity of the product. "Strong alliances make us stronger," said Liu June, executive vice president and mobile Business Group president. With Lenovo's huge advantage in the Chinese market and strong momentum in emerging markets, and Motorola's deep strength in mature markets such as the US, we expect to sell more than 100 million mobile devices this year, including smartphones and tablets. The