MORRISVILLE – Lenovo is setting up a new company within its mobile business group after acquiring Japan-based smartphone manufacturer FCNT in Japan.
The company is “the successor to Fujitsu’s mobile phone business [that] went bust” in June, according to the Japan Times. It had 8% market share in Japan, the newspaper said.
CrunchBase describes FCNT as a “researcher, developer, seller, and repair services provider for mobile terminal systems, information processing, and SNS [social networking service.]” It’s smartphone brands are called Arrow and Rakuraku, according to Lenovo. FCNT stood for Fujitsu Connected Technologies.
Financial terms weren’t disclosed.
“The business deal will see the creation of a new company within the Lenovo Group under its mobile business group that will continue to be known as FCNT,” Lenovo said in the announcement. “The new FCNT entity will continue the brand legacy and will include new product development, sales, and servicing of FCNT products.”
FCNT will work with Motorola, Lenovo’s current mobile brand, Lenovo added.
Working together, FCNT’s brands and our Motorola brand will continue to be positioned in the market.
Lenovo operates global headquarters in Beijing and the Triangle.