Lenovo Acquiring Brazil's Biggest PC Maker

On Wednesday Lenovo Group, currently the world's second largest and fastest growing major PC manufacturer, announced the acquisition of CCE, Brazil's biggest PC maker.

According to Lenovo, this acquisition will enable Lenovo to expand into the world's third-largest PC market – Brazil – thus enriching the area with its own portfolio of PCs, tablets, smartphones and TVs. Meanwhile, the agreement will align CCE with a global partner that will boost its overall strength, innovation capability, four-screen product portfolio and supply chain resources.

"Brazilian customers will clearly and immediately benefit from better, even more competitively priced products, coming faster to market from a provider with an excellent combined heritage: a strong understanding of the Brazilian consumer on one hand and a deep innovation capability, unmatched legacy of quality, and global supply chain on the other," Lenovo stated.

Lenovo said CCE shareholders will be paid approximately 300 million Brazilian Reais, in a combination of cash and stock, for 100-percent of the company. Lenovo will retain CCE’s management team, including its founder and CEO Roberto Sverner, in the combined company. CCE’s management will work closely with Lenovo’s new country leadership to drive both businesses.

"This move more than doubles our PC market share in Brazil, one of the world’s fastest-growing and most important technology markets. It not only helps Lenovo rapidly expand its leadership here, but it also lays a foundation for our future PC+ vision," said Yuanqing Yang, chairman and CEO, Lenovo Group.  "CCE is an excellent fit with its four screen product portfolio and a valuable manufacturing base in Brazil."

Lenovo added that the normal flow of business will not be interrupted due to the acquisition, and that current product brand names of CCE and Lenovo will continue, while leveraging each other’s strengths. There's also no indication that there will be any workforce restructurings as a result of the acquisition either – it's all business as usual to some degree.

The acquisition is subject to customary closing procedures and is expected to close in the first quarter of 2013.



Contact Us for News Tips, Corrections and Feedback

Create a new thread in the US News comments forum about this subject
This thread is closed for comments
Comment from the forums
    Your comment
  • vitornob
    Here in Brazil some people consider CCE as a joke. Many people don't like at all this manufacturer.
    I heard jokes saying CCE means "Começou Comprando Errado" in english means, "started buying wrong". If this is true or not, I don't know, never had a CCE, I do hope Lenovo doesn't confirm this joke...
  • punahou1
    I did not know that Brazil was the world's third largest PC market. Isn't it the largest "Third World" PC market?
  • ricardok
    @punahou1: Brazil isn't a "third world" country. We are the 8th biggest economy in the world.. And yes, we are the third biggest PC market..
    From Wikipedia: The economy of Brazil is the world's sixth largest by nominal GDP and is expected to become fifth by the end of 2012.
    Read more here: https://www.cia.gov/library/publications/the-world-factbook/geos/br.html

    @Kevin: CCE isn't the biggest one. The biggest is "Positivo".. CCE is on the 2nd or even 3rd place of brazilian market.