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M&A Deal Summary

Lenovo Group Acquires IBM - Personal Computing Division

On May 1, 2005, Lenovo Group acquired technology hardware company IBM - Personal Computing Division from IBM for 1.8B USD

Acquisition Highlights
  • This is Lenovo Group’s 1st transaction in the Technology Hardware sector.
  • This is Lenovo Group’s 3rd largest (disclosed) transaction.
  • This is Lenovo Group’s 1st transaction in the United States.
  • This is Lenovo Group’s 1st transaction in New York.

M&A Deal Summary
Date 2005-05-01
Target IBM - Personal Computing Division
Sector Technology Hardware
Buyer(s) Lenovo Group
Sellers(s) IBM
Deal Type Divestiture
Deal Value 1.8B USD

Target

IBM - Personal Computing Division

Armonk, New York, United States
IBM's Personal Computing division consists of the ThinkPad line of portable computers as well as IBM's traditional line of desktop PCs.

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Buyer(S) 1

Buyer

Lenovo Group

Quarry Bay, China
Category Company
Founded 1984
Sector Technology Hardware
Employees72,000
Revenue 69.1B USD (2025)
DESCRIPTION
Lenovo Group's office in Santa Clara, California.
Lenovo Group's office in Santa Clara, California.

Lenovo Group is a 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 1 of 9
Sector: Technology Hardware M&A 1 of 4
Type: Divestiture M&A Deals 1 of 3
State: New York M&A 1 of 2
Country: United States M&A 1 of 7
Year: 2005 M&A 1 of 1
Size (of disclosed) 3 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-28 Switchbox Labs

Seattle, Washington, United States

Switchbox Labs, Inc. is a provider of consumer technology development services.

Buy -

Seller(S) 1

SELLER

IBM

Armonk, New York, United States
Category Company
Founded 1911
Sector Information Technology
Employees270,300
Revenue 62.8B USD (2024)
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 10 of 34
Sector: Technology Hardware M&A 3 of 4
Type: Divestiture M&A Deals 9 of 31
State: New York M&A 1 of 11
Country: United States M&A 7 of 27
Year: 2005 M&A 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-26 Healthlink

Jacksonville, Florida, United States

Healthlink, Inc., is a medical product manufacturer located in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-02 Ascential Software

Westborough, Massachusetts, United States

Ascential Software Corp. is a provider of extraction, transformation, and loading software for building data warehouses and transferring information between disparate data sources.

Buy $1.1B
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