Lenovo has completed the acquisition of Motorola officially today, ending one of the most spoken of sagas in the personal technology space. The deal was announced back in February for as much as $2.91 billion, where Motorola was sold by Google to Lenovo. Motorola will become a part of Lenovo though from the outside it will remain a subsidiary, of the parent company. The brand name of Motorola will remain as it is and will continue to function independently.
Rick Osterloh, Motorola president said, “The iconic Motorola brand will continue, as will the Moto and DROID franchises that have propelled our growth over the past year. We will continue to focus on pure Android and fast upgrades, and remain committed to developing technology to solve real consumer problems.”
Google has already retained plenty of mobility patents of Motorola, and the sale only includes the handset side of the business. It has been widely reported that this acquisition would allow Lenovo to expand its smartphone market in North America and globally, places where Motorola is already seen as an iconic brand. Combining with the numbers of Motorola, Lenovo now becomes the third largest mobile manufacturer in the world in terms of the volume shipped.