Under the terms of the deal, Lenovo will acquire IBM’s complete line of server offerings, including System x, the BladeCenter and Flex System blade servers and switches, xx86-based Flex integrated systems and the iDataPlex family of products.
“With the close of the x86 acquisition, Lenovo will add a world-class business that extends our capabilities in enterprise hardware and services, immediately making us a strong number three in the global server market,” Lenovo CEO and chairman Yang Yuanqing said in a press release. “Now, our priorities are to ensure a smooth integration and deliver a seamless transition for customers. By combining Lenovo’s global reach, efficiency and operational excellence with IBM’s legendary quality, innovation and service, I am confident that we will have competitive advantages to help us drive profitable growth and build Lenovo into a global enterprise leader.”
Valued at $2.1 billion, the new deal hearkens back to Lenovo’s 2005 acquisition of IBM’s commercial PC business. The transaction will officially close on October 1, and will make Lenovo the third-largest company in the x86 server market.
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