16 January 2025 – World know-how powerhouse Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY) (along with its subsidiary, “Lenovo” or the “Group”) has introduced that its subsidiary has entered right into a definitive settlement to accumulate Infinidat Ltd. (“Infinidat”), a worldwide supplier of high-end enterprise storage options. The acquisition is a part of Lenovo’s development technique to deliver differentiated know-how options to market. This transfer will additional strengthen Lenovo’s enterprise storage choices globally and underscores a dedication to delivering progressive storage options that meet the evolving wants of contemporary knowledge facilities.
With the robust storage options and analysis & improvement capabilities of Infinidat, the transaction will create strategic synergies with the Group’s infrastructure options enterprise and enterprise storage capabilities:
- Entry to enterprise storage merchandise and innovation
Infinidat supplies excessive efficiency, mission vital enterprise storage options for scalable, cyber-resilient knowledge administration and has a robust monitor document of in-house software program R&D capabilities, complementing Lenovo’s innovation and R&D capabilities and heritage.
- Expands Lenovo’s storage options portfolio to cowl high-end enterprise storage
The transaction will construct on Lenovo’s current place within the entry and mid-range enterprise storage market, together with a complete portfolio of flash and hybrid arrays, hyperconverged infrastructure (HCI), software-defined storage (SDS), and Lenovo TruScale knowledge administration options.
- Alternative to drive sustainable worthwhile development of the Group’s storage enterprise
Infinidat, mixed with Lenovo’s current world infrastructure enterprise, entry to and relationships with clients, and world provide chain scale and capabilities, will create new alternatives for high-end enterprise storage merchandise and unlock new income alternatives for the Group’s storage enterprise.
“Lenovo affords a complete vary of storage options designed with a customer-centric, data-first strategy to fulfill various enterprise wants. With the acquisition of Infinidat, we’re excited and well-positioned to speed up innovation and ship larger worth for our clients,” stated Greg Huff, Chief Know-how Officer, Lenovo Infrastructure Options Group. “Infinidat’s experience in high-performance, high-end knowledge storage options broadens the scope of our merchandise, and collectively, we’ll drive new alternatives for development.”
“Infinidat delivers award-winning high-end enterprise storage options offering an distinctive buyer expertise and assured SLAs with unmatched efficiency, availability, cyber resilience and restoration, and petabyte-scale economics,” stated Phil Bullinger, Chief Government Officer, Infinidat. “With Lenovo’s intensive world capabilities, we look ahead to increasing the excellent worth we offer to enterprise and repair supplier clients throughout on-premises and hybrid multi-cloud environments.”
The transaction is topic to customary regulatory approvals and different closing situations. The phrases of the transaction usually are not being disclosed.
Morgan Stanley Asia Restricted is performing as monetary advisor, and Skadden, Arps, Slate, Meagher & Flom LLP and H-F & Co. are performing as authorized counsel to Lenovo. Evercore is performing as lead monetary advisor with Lincoln Worldwide LLC offering an unbiased equity opinion to the Infinidat Board of Administrators. Infinidat’s authorized counsel was led by Kirkland & Ellis LLP and Arnon, Tadmor-Levy.
About Lenovo
Lenovo is a US$57 billion income world know-how powerhouse, ranked #248 within the Fortune World 500, and serving hundreds of thousands of consumers on daily basis in 180 markets. Targeted on a daring imaginative and prescient to ship Smarter Know-how for All, Lenovo has constructed on its success because the world’s largest PC firm with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized units (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, excessive efficiency computing and software program outlined infrastructure), software program, options, and providers. Lenovo’s continued funding in world-changing innovation is constructing a extra equitable, reliable, and smarter future for everybody, in all places. Lenovo is listed on the Hong Kong inventory change underneath Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY). To search out out extra go to https://www.lenovo.com, and skim concerning the newest information by way of our StoryHub.
About Infinidat
Infinidat supplies enterprises and repair suppliers with a platform-native major and secondary storage structure that delivers complete knowledge providers primarily based on InfiniVerse®. This progressive platform delivers excellent IT working advantages, help for contemporary workloads throughout on-premises and hybrid multi-cloud environments. Infinidat’s cyber resilient-by-design infrastructure, consumption-based efficiency, 100% availability, and cyber safety assured SLAs align with enterprise IT and enterprise priorities. Infinidat’s award-winning platform-native knowledge providers and acclaimed white glove service are constantly really helpful by clients, as acknowledged by Gartner® Peer Insights evaluations. For extra data, go to www.infinidat.com.
