IBMÂ expects toÂ complete the $2.1 billionÂ sale of its x86 server business to Lenovo on Oct. 1 as the latter firm moves to expand itsÂ offeringsÂ in enterprise hardware and services.
LenovoÂ said MondayÂ thatÂ System x, BladeCenter, Flex System,Â NeXtScale, iDataPlex,Â x86-based Flex systems and blade networking areÂ included in theÂ transaction.
Yang Yuanqing, Lenovo chairman and CEO, said the company willÂ now focus on managing the transition as it eyes a push in the global server market.
IBM will temporarily continue maintenance operations and Lenovo has agreed toÂ followÂ IBM’s product road map for x86.
Adalio Sanchez will also continue to lead the x86 server business, nowÂ under Lenovo’s enterprise business group, where he will serve as senior vice president of enterprise systems and report to Gerry Smith, the announcement stated.
The estimatedÂ deal breakdown is $1.8 billion in cash and $280 million in Lenovo stock as of close of business on Friday.
Lenovo said the companiesÂ have also established aÂ strategic alliance that will enable itÂ to resell some IBM storage and software products as part of an enterprise IT package.
Lenovo also anticipatesÂ the conclusion of its Motorola MobilityÂ purchase from Google.