Lenovo to acquire Fujitsu's PC unit

Computer maker posts strong growth in quarterly revenue

Lenovo Group Ltd said on Thursday that it will spend about $224 million to acquire a 51 percent stake in Japanese technology firm Fujitsu Ltd's personal computer business, to boost margins and recapture the top slot in global personal computer shipments.

The Chinese company, which was dislodged from the top slot earlier this year by HP Inc, expects the Fujitsu deal to have a scale-effect on its operations and revenue.