The acquisition is part of Lenovo’s growth strategy to bring differentiated technology solutions to market. This move will further strengthen Lenovo’s enterprise storage offerings globally and underscores a commitment to delivering innovative storage solutions that meet the evolving needs of modern data centers.
With the strong storage solutions and research & development capabilities of Infinidat, the transaction will create strategic synergies with the Group’s infrastructure solutions business and enterprise storage capabilities:
Access to enterprise storage products and innovation
Infinidat provides high performance, mission critical enterprise storage solutions for scalable, cyber-resilient data management and has a strong track record of in-house software R&D capabilities, complementing Lenovo’s innovation and R&D capabilities and heritage.
Expands Lenovo’s storage solutions portfolio to cover high-end enterprise storage
The transaction will build on Lenovo’s existing position in the entry and mid-range enterprise storage market, including a comprehensive portfolio of flash and hybrid arrays, hyperconverged infrastructure (HCI), software-defined storage (SDS), and Lenovo TruScale data management solutions.
Opportunity to drive sustainable profitable growth of the Group’s storage business
Infinidat, combined with Lenovo’s existing global infrastructure business, access to and relationships with customers, and global supply chain scale and capabilities, will create new opportunities for high-end enterprise storage products and unlock new revenue opportunities for the Group’s storage business.
“Lenovo offers a comprehensive range of storage solutions designed with a customer-centric, data-first approach to meet diverse enterprise needs. With the acquisition of Infinidat, we are excited and well-positioned to accelerate innovation and deliver greater value for our customers,” said Greg Huff, Chief Technology Officer, Lenovo Infrastructure Solutions Group. “Infinidat’s expertise in high-performance, high-end data storage solutions broadens the scope of our products, and together, we will drive new opportunities for growth.”
“Infinidat delivers award-winning high-end enterprise storage solutions providing an exceptional customer experience and guaranteed SLAs with unmatched performance, availability, cyber resilience and recovery, and petabyte-scale economics,” said Phil Bullinger, Chief Executive Officer, Infinidat. “With Lenovo’s extensive global capabilities, we look forward to expanding the comprehensive value we provide to enterprise and service provider customers across on-premises and hybrid multi-cloud environments.”
The transaction is subject to customary regulatory approvals and other closing conditions. The terms of the transaction are not being disclosed.
Morgan Stanley Asia Limited is acting as financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP and H-F & Co. are acting as legal counsel to Lenovo. Evercore is acting as lead financial advisor with Lincoln International LLC providing an independent fairness opinion to the Infinidat Board of Directors. Infinidat’s legal counsel was led by Kirkland & Ellis LLP and Arnon, Tadmor-Levy.
