On May 4, Lenovo Holdings announced that the purchase of 51% of Fujitsu Client Computer Equipment Limited (FCCL) by Lenovo Group from Fujitsu was completed on May 2. Through this acquisition, Lenovo will occupy more than 25% of the global PC market and become the first in the world.

FCCL is mainly engaged in the development, manufacture, distribution and sales of desktop, laptop and tablet PCs and related products.

The announcement showed that immediately after the delivery, Lenovo International owned 51% of the total issued shares of FCCL, while Fujitsu owned 44% of the total issued shares of FCCL, so Fujitsu (and its contacts) became associated with Lenovo Group. Lenovo Group is a subsidiary company of Lenovo Holdings, and Fujitsu (and its contacts) are also associated with its subsidiary company level.

Lenovo said in the announcement that the transaction will enable Lenovo Group to own a majority of the equity in the joint venture company, thus bringing efficiency and scale benefits to the development, manufacture and distribution of Fujitsu brand personal computer products, while improving the global popularity of Fujitsu personal computer brand and enabling consumers and the corporate market. Field customers benefit. The transaction will combine the complementary advantages of Lenovo Group and Fujitsu to enhance the competitiveness of FCCL.

As part of Fujitsu's enterprise solution portfolio, FCCL will benefit from Lenovo's global platform and scale to better provide Fujitsu with high-quality and cost-competitive personal computers. At the same time, FCCL will rely on Fujitsu's development and manufacturing advantages and strong brand awareness to meet the needs of customers, especially Japanese customers.

In recent years, the global PC market has slowed down again and again. According to the latest data from market analysts IDC and Gartner, the global PC market fell for the fifth consecutive year in 2016.

On November 2 last year, Lenovo Group announced that it would establish a joint venture with Fujitsu and Japan Policy Investment Bank, and spend 17.85 billion yen (RMB 1.03 billion) to acquire 51% of Fujitsu Client Computer Equipment Co., Ltd. (FCCL) in order to complete its control of Fujitsu PC business and strive to remain in control. The global PC market share is more than 25%, overtaking HP in one fell swoop.

As Japan's second largest computer manufacturer, Fujitsu sold 4 million computers in 2015, less than half of its peak sales. Fujitsu chose to divest its PC business directly from its main business and stop losses with a new wholly-owned subsidiary, FCCL, with little success.

According to data before IDC, by the third quarter of 2017, Lenovo PC had a global market share of 21.6% and Fujitsu had about 4%. After Lenovo acquired Fujitsu PC business, its global PC market share would exceed 25%, overtaking HP to become the world's first.

Through this acquisition, Lenovo and Fujitsu can also complement each other in resources and technology, and greatly enhance their operation scale and competitiveness.