M&A Deal Summary

Lenovo Group Acquires Stoneware

On September 24, 2012, Lenovo Group acquired software company Stoneware

Acquisition Highlights
  • This is Lenovo Group’s 2nd transaction in the Software sector.
  • This is Lenovo Group’s 3rd transaction in the United States.
  • This is Lenovo Group’s 1st transaction in Indiana.

M&A Deal Summary

Date 2012-09-24
Target Stoneware
Sector Software
Buyer(s) Lenovo Group
Deal Type Add-on Acquisition

Target

Stoneware

Carmel, Indiana, United States
Stoneware is a manufacturer of cloud computing and classroom management software. Stoneware’s Unified Cloud Platform allows IT to provide users with access to their files, applications, and reports from a universal webDesktop.

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Buyer(S) 1

Buyer

Lenovo Group

Quarry Bay, China

Category Company
Founded 1984
Sector Technology Hardware
Employees69,500
Revenue 56.9B USD (2024)
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 5 of 8
Sector (Software) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Indiana) 1 of 2
Country (United States) 3 of 6
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-06 Digibras Industria Do Brasil

Manaus, Brazil

CCE is a manufacturer of personal computers and consumer electronics in Brazil. CCE’s products are marketed under a portfolio of well recognized brands such as CCE, CCE Info and CCE Mobi, and its manufacturing facilities are located in the Free Trade Zone of Manaus (Zona Franca De Manaus). CCE, together with its affiliates, is the largest employer in personal computing and consumer electronics in the North Region of Brazil. Since 2006, CCE has had partnerships with major international technology players including Intel, Microsoft and Qualcomm, in the production of desktop and notebook computers.

Buy $147M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-29 Motorola Mobility

Schaumburg, Illinois, United States

Motorola Mobility LLC is a manufacturer of smartphones and other mobile devices. The Company was formed in 2011 as a divestiture from Motorola in 2011.

Buy $2.9B