Lexmark printer
Lexmark is a potential takeover target as sales soar in China

Analysts hint at Lenovo buying Lexmark

Chinese giant attracted by local laser printer sales of $5bn by 2010

Simon Burns in Taipei

Printer sales in China are growing so strongly that local firms may attempt to buy control of a major foreign printer maker to ensure a stake in the domestic market and a slice of international sales.

Sales of laser printers in China are expanding particularly fast, driven by business users, according to recent data from Lyra Research

Advertisement

"Strong printer growth is expected to continue throughout the forecast period [to 2010], particularly in the laser printer market, as China's business users prefer laser output to inkjet for their mainstream business printing," said Lyra Research analysts Larry Jamieson and Ji Rong.

Total laser revenue, including hardware, cartridges and media, is expected to surpass $5bn by 2010.

Analysts suggest that a Chinese firm might attempt buy a foreign printer manufacturer to jump-start local printer manufacturing.

US printer maker Lexmark is the most commonly named target for such an acquisition attempt. 

Giant Chinese PC vendor Lenovo is seen as the most likely buyer, perhaps as leader of a consortium, and almost certainly with government support. 

"Lenovo wants to have an internationally competitive printer business within two to five years. We believe the company is very serious," said the Lyra analysts.

"We checked with Hong Liu, assistant vice president and general manager of Lenovo's peripheral business department, who confirmed this to us."

  • Have your say
  • Send to a friend
  • Print
  • Digg
  • Reddit
  • Share

Tags:

Do you agree?

Further reading

Ricoh UK hopes to score with GelSprinter

Ricoh UK’s plans to grow its share of the printer market by working directly with resellers have been put on hold following a delay in the launch of its GelSprinter printers in the UK. Laura Hailstone reports from Ricoh’s dealer conference in Madrid

Related whitepapers

Related jobs

Most watched

Summit: Views From the Valley

V3.co.uk's US office weighs in on the information overload crisis

John Chambers speaks on collaboration

Cisco boss talks up new offerings

Analysis and Reports

Remote access - Three steps to getting connected

3.4 million UK professionals now work from home – is your company equipped?

Cost benefits of a global collaboration network

This white paper is a must read for organisations looking for evidence of the bottom-line benefits of high-definition video and voice communications

Poll

Impact of Information Overload poll

Impact of Information Overload poll

What is the biggest problem your firm faces as a result of the data explosion?

View poll results

Advertisement

White paper library

Keep up to date with the latest products, services and technologies from the world's leading IT companies; IThound.com brings you over 6,000 white papers, case studies and analyst reports.

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Advertisement

Spotlight

Summit video: Intel discusses processors designed for data overload (part one of two)

Intel explains how its Xeon processors can handle data-intensive apps

fujitsu logo

Unite calls off Fujitsu strike

Talks between the two sides will extend into the new...

Richard Thomas

Summit: Q&A Richard Thomas, former Information Commissioner

Thomas speaks out on government databases and data privacy

Symantec office

Summit: Symantec makes the case for smarter storage

Company talks up unified approach

Primary Navigation