Lenovo and Fujitsu form a new joint venture to sell PCs

Lenovo today announced a new joint venture with Fujitsu and Development Bank of Japan that will focus on the R&D, design, manufacturing and sales of PCs in the global market. Basically, Fujitsu is selling majority of its PC business to Lenovo and DBJ. After this transaction, Lenovo wil own 51% stake, DBJ will own 5% and the FCCL will become a joint venture company owned by Fujitsu, Lenovo and DBJ and will continue to be known as Fujitsu Client Computing Limited. Lenovo is paying $269 million to Fujitsu for this transaction.

FCCL made it clear that they will continue to sell PCs under the Fujitsu brand name and it will continue to support the existing customers worldwide.

Through this strategic collaboration, Fujitsu and Lenovo aim to drive further growth, scale and competitiveness in the PC businesses both in Japan and worldwide. The JV will leverage Fujitsu’s capabilities in global sales, customer support, R&D, highly-automated and efficient manufacturing and systems integration that meet customers’ demand. Furthermore, it will benefit from Lenovo’s global scale and presence.

You can learn about latest Fujitsu PCs here.