Motorola Mobility, on Thursday officially becomes part of Lenovo. Lenovo acquired Motorola in February for $2.91 billion and on Thursday, October 30th it marks the finalization of the deal. Motorola is now a Lenovo company, but the brand will remain as a subsidiary of Lenovo with the same headquarter in Chicago.
 
Rick Osterloh, President of Motorola in a blog post titled ‘Hello Lenovo’ made the official announcement of the same. The blog is mentioned below.
 
Hello Lenovo
 
Today, Motorola Mobility becomes part of the Lenovo family of companies, and we are thrilled.

Over the past two years we have transformed Motorola by focusing on what matters most -- consumers. We’ve made huge strides in bringing the mobile Internet to millions of people around the world and improving their lives through exceptional technology, experiences and value. While we’re proud of the progress we’ve made, we recognize that there is still much more we can achieve -- in innovation, reach and impact.

In Lenovo we have a partner that shares our mission and that brings global scale, a diverse product portfolio and a track record of seizing strategic opportunities and making the most of them. Together we will go farther, faster. With an impressive portfolio of smartphones, wearables and PCs, our two companies will be uniquely positioned to push the boundaries of choice and value, and bring exciting new experiences to people everywhere.

As excited as we are about what’s changing, we’re also pleased with what we are carrying forward with us. We will be a wholly owned subsidiary of Lenovo and remain headquartered in Chicago’s Merchandise Mart while maintaining offices around the world, including in Silicon Valley. The iconic Motorola brand will continue, as will the Moto and DROID franchises that have propelled our growth over the past year. We will continue to focus on pure Android and fast upgrades, and remain committed to developing technology to solve real consumer problems. And we will continue to develop mobile devices that bring people unprecedented choice, value and quality.

Motorola is a company that has long helped to define the course of the mobile telecommunications and mobile computing industries. With Lenovo backing us, we look forward to being able to reshape the industry for decades to come. We’re ready for the challenge and hope you’ll join us on the journey.

Rick Osterloh