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Lenovo buys PC firm in Germany
CHINESE computer maker Lenovo has agreed to buy German electronics retailer Medion for around $900m (£551.5m), boosting its market share in Europe.
The acquisition, Lenovo’s biggest since its purchase of IBM’s PC business six years ago, comes four months after Lenovo signed a joint venture deal with NEC Corp to sell laptops in Japan. The deal will double its share of the German PC market to 14 per cent, Europe’s biggest economy, and give the combined company a share of about 7.5 per cent in the western European PC market, Lenovo said.