Lenovo, NEC to build Japan's largest PC group

Every reporter Xiaixiaoping from Beijing yesterday (July 4), Lenovo Group announced that the joint venture with NEC--NEC Lenovo Japan Group (Neclenovojapangroup) was formally established, the merged company is Japan's largest PC computer company, the data show,　　The new group will occupy nearly 25% per cent of the Japanese PC market. According to relevant information, Lenovo has announced a joint venture agreement with NEC on January 27 this year. According to the agreement, Lenovo holds a 51% per cent stake in the newly established NEC Association of Japan, with NEC holding a 49% per cent stake.　　NEC Personal Products Co., Ltd. President Hideyotakasu as president and chief executive officer of the new joint venture company, the current president of Lenovo (Japan) Co., Ltd. Rodericklappin will be the executive Chairman. According to Lenovo, NEC Lenovo Japan is comprised of 3 companies: the holding company, the Lenovo NEC Holding Company, was established on July 1, with two wholly owned subsidiaries--nec Personal Computer Limited and Lenovo Japan Limited.　　Among them, NEC Personal Products Co., Ltd. is a new company that splits the PC business from NEC individual product Limited. It is understood that the new group will retain Lenovo and NEC brand, both products will still be sold through their respective channels.　　By fusing the strengths of two companies, such as NEC's experience in Japan, Lenovo and NEC will strengthen their product development systems to provide high quality and high-performance products. After the deal is completed, NEC Lenovo Japan will occupy about 25% per cent of the Japanese PC market and become Japan's largest PC computer company, according to the daily economic news reporter.　　Lenovo will pay NEC1.75 billion by issuing 28.11 million shares of ordinary shares, and about 1200 NEC employees will also be transferred to a new joint venture. Earlier, Lenovo Group CEO Yang said in an interview: "5 years later, Lenovo will conditionally to the maximum of 275 million U.S. dollars to buy the other 49% of NEC Holdings, so as to complete the NECPC business acquisition." ”