M&A Deal Summary

Lenovo Group Acquires IBM’s x86 Server Business

On September 29, 2014, Lenovo Group acquired technology hardware company IBM’s x86 Server Business from IBM for 2.1B USD

Acquisition Highlights
  • This is Lenovo Group’s 4th transaction in the Technology Hardware sector.
  • This is Lenovo Group’s 2nd largest (disclosed) transaction.
  • This is Lenovo Group’s 6th transaction in the United States.
  • This is Lenovo Group’s 2nd transaction in New York.

M&A Deal Summary
Date 2014-09-29
Target IBM’s x86 Server Business
Sector Technology Hardware
Buyer(s) Lenovo Group
Sellers(s) IBM
Deal Type Divestiture
Deal Value 2.1B USD

Target

IBM’s x86 Server Business

New York, United States
IBM’s x86 server business comprises of 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.

Search 192,611 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Lenovo Group

Quarry Bay, China

website

Category Company
Founded 1984
Sector Technology Hardware
Employees52,000
Revenue 60.7B USD (2021)
DESCRIPTION
Lenovo Group's office in Santa Clara, California.
Lenovo Group's office in Santa Clara, California.

Lenovo Group is a Chinese provider of IT hardware. The Group engages primarily in the manufacturing and sale of desktop computers, notebook computers, mobile handsets, servers and peripherals. Lenovo Group was founded in 1984 and is based in Quarry Bay, China.

DEAL STATS #
Overall 8 of 8
Sector (Technology Hardware) 4 of 4
Type (Divestiture) 3 of 3
State (New York) 2 of 2
Country (United States) 6 of 6
Year (2014) 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-18 Scale Computing

Indianapolis, Indiana, United States

Scale Computing provides edge computing, virtualization, and hyperconverged solutions, Scale offers its HC3 platform integrating servers, storage, virtualization, and management in a single automated system that is surprisingly easy to use and self-healing. The solution dramatically lowers the barriers and costs involved in keeping applications running in a highly available, scalable manner. Scale Computing was founded in 2007 and is based in Indianapolis, Indiana.

Buy -

Seller(S) 1

SELLER

IBM

Armonk, New York, United States

website

Category Company
Founded 1911
Sector Information Technology
Employees282,100
Revenue 60.5B USD (2022)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.

DEAL STATS #
Overall 16 of 32
Sector (Technology Hardware) 4 of 4
Type (Divestiture) 15 of 29
State (New York) 2 of 11
Country (United States) 12 of 26
Year (2014) 1 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-11 Lighthouse Security Group

Lincoln, Rhode Island, United States

Lighthouse Security Group LLC is a cloud based security services provider. Lighthouse Security Group’s Gateway platform protects identity and data in an increasingly complex IT environment where more company information is being stored in the cloud and accessed from mobile devices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 IBM - Sterling Transportation Management System

Armonk, New York, United States

IBM's Sterling Transportation Management System is a SaaS-based transportation management system [TMS]. Business comprises transportation management system and is located in the United States.

Sell -
Mergr

Product

Company

Legal