Chinese computer maker Lenovo on Thursday announced completion of USD 2.91 billion acquisition of Motorola Mobility from Google, a move that will make it the third largest smartphone maker in India.
Talking to journalists over a conference call, Yang Yuanqing, chairman and CEO, Lenovo Group, said Motorola will be a strong growth engine for Lenovo. “We are fully ready to move into the mobile era… Now that Motorola is part of Lenovo, future will be brighter,” he added.
On business in the second fastest growing smartphone market, India, where Motorola as well as Lenovo sell smartphone, Liu Jun, Lenovo executive vice president and president of Lenovo’s Mobile Business Group said, “Both the companies have pretty good operations in India. However, Lenovo is primarily an offline channel product…Motorola is 100 per cent online. It is good to have this combination.”
He added post merger, Lenovo will become the third biggest smartphone player in India, after Samsung and home-grown handset maker Micromax.
