Lenovo was born in 1984 under the name Legend, expanding in China and then throughout the world thanks to one of the best technological purchases, the personal computer division of IBM in 2005.
It has become the No. 1 company in selling computers and is positioned in the gaming and mobile world with Motorola.
Lenovo has a long history in the world of computing, but in the West it has only been known since 2005, when in an unprecedented move, they bought the business of IBM’s personal computer division.
Lenovo is founded in 1984 by Liu Chuanzhi and a group of ten engineers in Beijing, but the company was not called Lenovo, but Legend. From 1985 to 2005, for two decades, Legend is a company that manufactures computers for China with features focused on both businesses and consumers in the early years of consumer personal computing.
It was not until 1992 when IBM presented its brand of ThinkPad laptops, focused on businesses and professionals with a 10.4-inch laptop and its famous TrackPointa small red pointer that acts as a mouse and that it still maintains as its trademark.
Until 2005, the company continues to launch personal computers, as well as servers for companies. It is in 2003 when Legend adopts the western name Lenovo (“Le” from Legend and “novo”, an abbreviation of the Latin “novo”, new) in search of international expansion.
Lenovo acquires ThinkPad, the beginning of one of the best acquisitions in the world of technology
The technology giant IBM was looking for a buyer for its computer division. Finally, it was Lenovo who managed to acquire the entire division, including engineers, patents and all kinds of information and brands, such as the well-known ThinkPad, for 1,250 million dollars.
ThinkPad laptops are well known for their durability and repairability, preferred by thousands of companies as they are highly customizable.
In 2005, with the acquisition of IBM’s PC division, William Amelio became the new CEO, replacing Yuanqing Yang, looking for a profile that would take Lenovo to an international market.
In 2008 Lenovo launched one of its legendary laptops, the Lenovo ThinkPad X300. This laptop represents the image of ThinkPad computers, with a classic design, a good keyboard, its TrackPoint red and a design designed so that companies’ IT equipment can repair and update.
In 2009, with an international presence and an established brand, Yuanqing Yang returns to his position as CEO and the founder, Liu Chuanzhi, as chairman of the board of directors.
It can be said that the purchase of IBM’s computer division has been one of the best acquisitions in the world of technology, comparable to the purchase of Instagram by Facebook in its day, because Lenovo has managed not only to multiply its investment, also becoming a key company for the technology sector.
Source: COMPUTER TODAY