Lenovo to acquire IBM x86 server business 

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.