RESEARCH TRIANGLE PARK, NC, & ARMONK, NY, Oct 2, 2014 – Lenovo and IBM announced that they have completed the initial closing for Lenovo’s acquisition of IBM’s x86 server business under the terms described in their announcement on Monday, September 29, 2014.
Lenovo is acquiring System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, blade networking and maintenance operations. IBM retains its System z mainframes, Power Systems, Storage Systems, Power-based Flex servers, and PureApplication and PureData appliances.
As part of the agreement, Lenovo and IBM have also established a strategic alliance where Lenovo will serve as an original equipment manufacturer (OEM) to IBM and will resell select products from IBM’s industry-leading storage and software portfolio. These include IBM’s entry and midrange Storwize storage product family, Linear Tape Open (LTO) products, and elements of IBM’s system software portfolio, including Smart Cloud software, General Parallel File System and Platform Computing solutions.
The transition will begin today in countries that are part of the initial closing, which includes most major markets. The transaction is expected to close in most other countries later this year, with the few remaining countries following in early 2015.
For more information about IBM, visit http://www.ibm.com.
About Lenovo
Lenovo is a US$30 billion personal technology company – the second largest PC maker worldwide and an emerging PC Plus leader – serving customers in more than 160 countries. Dedicated to building exceptionally engineered PCs and mobile internet devices, Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the Company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones. Lenovo, a global Fortune 500 company, has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina.
For more information, please visit www.lenovo.com.
