Lenovo Completes Motorola Acquisition And Is Now #3 Smartphone Maker

Posted: Oct 30 2014, 5:44am CDT | by , Updated: Oct 30 2014, 5:49am CDT, in News | Technology News

Lenovo completes Motorola Acquisition and is Now #3 Smartphone Maker

Lenovo announced today that the Motorola Acquisition has been completed.

In January of this year Lenovo announced to take over Motorola Mobility from Google for close to $3 billion. Lenovo has a history of buying American brands. In 2005 the company bought IBM's PC business.

Lenovo will operate Motorola as a wholly-owned subsidiary. Motorola’s headquarters will remain in Chicago. With the completion of the acquisition, Lenovo welcomes the addition of a new portfolio company with nearly 3,500 employees around the world – including about 2,800 in the U.S. – who design, engineer, sell and support Motorola’s outstanding devices.

“Today we achieved a historic milestone for Lenovo and for Motorola – and together we are ready to compete, grow and win in the global smartphone market. By building a strong number three and a credible challenger to the top two in smartphones, we will give the market something it has needed: choice, competition and a new spark of innovation,” said Yang Yuanqing, chairman and CEO, Lenovo. “This partnership has always been a perfect fit. Lenovo has a clear strategy, great global scale, and proven operational excellence. Motorola brings a strong presence in the U.S. and other mature markets, great carrier relationships, an iconic brand, a strong IP portfolio and an incredibly talented team. This is a winning combination.”

“Motorola is in great hands with Lenovo, a company that’s all-in on making great devices,” said Larry Page, CEO, Google.

Above you can see the new Motorola logo. Lenovo says that they are now the number #3 smartphone maker in the world.

Motorola just unveiled the new DROID Turbo smartphone with 48 hour battery life and high-end performance.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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