Lenovo Group, the world's biggest personal computer maker, has finished the acquisition of the X86 server hardware and related maintenance services business from IBM.
In a statement filed with the Hong Kong stock exchange, the Beijing-based PC maker said it paid over 1.8 billion U.S. dollars in cash and allotted 182 million Lenovo shares to IBM for the takeover.
With the acquisition, Lenovo has become the world's third largest manufacturer of X86 servers.