Lenovo to buy German electronics company Medion

16:29, June 02, 2011      

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Lenovo Group declared it will buy out German's Medion AG on June 1. If the deal is done, Lenovo will double its market share in the German market.


Photo, taken in a supermarket in Berlin, Germany, shows some of Medion's products. (Ma Ning/Xinhua)

Medion is an advanced enterprise in the field of personal computers, multi-media products, mobile communication services and consumer electronics. It has a mature system of marketing, servicing and retailing in the European market. Some insiders believe the buyout will accelerate the expansion of Lenovo's paying business in Europe, dramatically promoting its competitiveness in a developed market.


Photo, taken in a supermarket in Berlin, Germany, shows some of Medion's products. (Ma Ning/Xinhua)


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