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Saturday, January 13, 2024

Lenovo Completes Asset Buy of FCNT

Additional accelerates cellular enterprise in Japan

29 September, 2023 – Lenovo right this moment introduced it has bought the property of FCNT Ltd, the corporate behind the arrows and Rakuraku smartphone manufacturers in Japan.

The enterprise deal will see the creation of a brand new firm inside the Lenovo Group beneath its cellular enterprise group that can proceed to be generally known as FCNT. The brand new FCNT entity will proceed the model legacy and can embody new product growth, gross sales, and servicing of FCNT merchandise. Working collectively, FCNT’s manufacturers and our Motorola model will proceed to be positioned available in the market.  

The deal builds on Lenovo’s lengthy heritage and dedication to Japan as one of many firm’s most essential enterprise markets on the earth – and the place the Group already holds an essential management place within the Japanese PC market. In addition to the long-standing historical past of its Suppose merchandise having been developed in Japan, Lenovo has been investing considerably in world R&D, innovation facilities, companies facilities, and manufacturing available in the market for a few years.

Trying forward, the enterprise of FCNT along with its sturdy market place, model, and market experience will allow the Lenovo Group to speed up its progress within the smartphone house in Japan, bringing benefits from its world dimension and scale to prospects available in the market.

Lenovo will proceed to work with key carriers in Japan to make sure continuity of enterprise and repair for patrons and appears ahead to additional investing in innovation to assist FCNT’s cellular providing within the Japan market.

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