Lenovo completes Motorola Acquisition and is Now #3 Smartphone Maker

Lenovo announced today that the Motorola Acquisition has been completed.

In January of this year Lenovo announced to take over Motorola Mobility from Google for close to $3 billion. Lenovo has a history of buying American brands. In 2005 the company bought IBM’s PC business.

Lenovo will operate Motorola as a wholly-owned subsidiary. Motorola’s headquarters will remain in Chicago. With the completion of the acquisition, Lenovo welcomes the addition of a new portfolio company with nearly 3,500 employees around the world – including about 2,800 in the U.S. – who design, engineer, sell and support Motorola’s outstanding devices.

 “Today we achieved a historic milestone for Lenovo and for Motorola – and together we are ready to compete, grow and win in the global smartphone market. By building a strong number three and a credible challenger to the top two in smartphones, we will give the market something it has needed: choice, competition and a new spark of innovation,” said Yang Yuanqing, chairman and CEO, Lenovo.  “This partnership has always been a perfect fit.  Lenovo has a clear strategy, great global scale, and proven operational excellence.  Motorola brings a strong presence in the U.S. and other mature markets, great carrier relationships, an iconic brand, a strong IP portfolio and an incredibly talented team.  This is a winning combination.”

“Motorola is in great hands with Lenovo, a company that’s all-in on making great devices,” said Larry Page, CEO, Google.

Above you can see the new Motorola logo. Lenovo says that they are now the number #3 smartphone maker in the world.

Motorola just unveiled the new DROID Turbo smartphone with 48 hour battery life and high-end performance.