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Lenovo to Acquire Rover Computers in Russia for $100 Million?

Files under: News
Posted by: Quintura @ 13:02 [17. 03. 08]

Rover Computers, the leading Russian maker of notebook computers, flat screens, smart phones and other computer hardware, is in talks with Chinese computer manufacturer Lenovo on a possible strategic investment that could value Rover at $100 million, reports business daily Kommersant. The company is also in intensive discussions with several private equity groups in Russia regarding a potential investment, the newspaper said.

Rover ComputersAccording to Rover Computers, its revenues reached $140 million in 2007 with EBITDA of $11 million. The company holds about 8 percent of notebook computer sales in Russia that is estimated at 1 million notebook sales per quarter. The company recently hired investment bank Value Tech Advisers to find a strategic investor.

Lenovo that acquired IBM’s Personal Computing Division in 2005 should be looking for international expansion. It will be certainly worth for Lenovo to acquire Rover Computers with its solid computer making expertise and extensive marketing channels in order to establish a strong presence in Russia.

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