Lenovo makes play for Europe with plans to take over Medion
Lenovo is reportedly planning to acquire a controlling interest in German consumer electronics brand Medion for more than $331 million in cash and stock. The Wall Street Journal reports the move could help Lenovo expand its business in Europe.
Based in China, Lenovo was hardly a household name in the US before the company acquired IBM’s PC business in 2005. Now Lenovo is one of the 5 largest PC makers in the world.
Medion offers an Akoya line of budget laptops and netbooks, along with desktop computers, television, mobile devices, and other electronics.