Lenovo Plans Multiple Acquisitions And A Wider Range of Smartphones

Lenovo is one of the most notable vendors in the PC market but the company has also been in the smartphone business for a while and is now considering acquiring a number of other firms to further enhance its product portfolio. The acquisitions will probably be aimed at bolstering its mobile division.

Talking about the acquisitions, the company’s CEO Yang Yuanwing said, “We would fully leverage this [acquisition] tool if the target is consistent with our strategy. Any area which is consistent with our strategy where we are weak, we would like to consider acquisitions.” (more…)

By Ubergizmo. Related articles: 80% of China’s households can afford a smartphone by 2017, Lenovo LePad S2005 goes on sale in China for $415,

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