Chinese giant Lenovo has announced their acquisition of IBM's x86 server hardware division for $2.3 billion.
The division includes IBM's "System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, blade networking and maintenance operations."
As part of the deal, IBM will keep their System z mainframes, Power Systems, Storage Systems, Power-based Flex servers, and PureApplication and PureData appliances.
Lenovo will pay $2.07 billion and cash and the rest in stock.
While the servers are low-end, Lenovo should have a strong start in the enterprise hardware market. Lenovo already sells servers and storage in China. HP, IBM and Dell lead the market, accounting for about 70 percent of all server sales.
As part of the deal, IBM will keep their System z mainframes, Power Systems, Storage Systems, Power-based Flex servers, and PureApplication and PureData appliances.
Lenovo will pay $2.07 billion and cash and the rest in stock.
While the servers are low-end, Lenovo should have a strong start in the enterprise hardware market. Lenovo already sells servers and storage in China. HP, IBM and Dell lead the market, accounting for about 70 percent of all server sales.
