Wong Wai Ming, chief financial officer at Lenovo, says the world’s No. 4 PC maker is looking to make more acquisitions even though it’s already announce two major deals already this year.
In an interview with The Wall Street Journal in Beijing, Wong said the company would raise capital if needed in order to finance more deals.
Lenovo already is working on a joint venture with NEC Corp. in Japan and is buying Medion AG in Germany for more than $660 million. However, Wong said the company remains focused as well as organic growth.
“We continue to be interested in growing inorganically, but one very important issue is we will not rely [on] inorganic growth, meaning acquisitions, to push our growth,” he told The Journal.
Lenovo operates its headquarters in Morrisville, but most of its operations are located in China. Its growth is surging worldwide.
The company reported a doubling of its quarterly profit last month. (Read more here.)
To read The WSJ report (subscription required), read here.
Read about the Medion deal here.
Read about the NEC deal here.
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