Japan Economic News reported on April 17 that a subsidiary of Toshiba will spend 70 billion yen to complete the acquisition of the POS terminal business of IBM in the US this summer, and will become the industry leader in the field of POS terminals.
This time Toshiba acquired a POS terminal related equipment such as a cash register from IBM. At present, IBM's POS terminal accounts for 22% of the global market share, ranking first in the world, and Wal-Mart is its main customer. Toshiba’s business is dominated by Japan, accounting for only 7% of the world’s share, ranking fourth.
Through this acquisition, Toshiba has acquired IBM's customer base, and will develop POS terminals suitable for each country and region in the future, thereby expanding related businesses. According to data from the UK survey company, the market for POS terminals in 2010 was 138 million units, which will increase by 12% in 2012.
IBM's sale of the POS terminal business, like the sale of notebook business to China's Lenovo in 2005, is part of the "hard-out strategy", all aimed at concentrating resources on software services.
This time Toshiba acquired a POS terminal related equipment such as a cash register from IBM. At present, IBM's POS terminal accounts for 22% of the global market share, ranking first in the world, and Wal-Mart is its main customer. Toshiba’s business is dominated by Japan, accounting for only 7% of the world’s share, ranking fourth.
Through this acquisition, Toshiba has acquired IBM's customer base, and will develop POS terminals suitable for each country and region in the future, thereby expanding related businesses. According to data from the UK survey company, the market for POS terminals in 2010 was 138 million units, which will increase by 12% in 2012.
IBM's sale of the POS terminal business, like the sale of notebook business to China's Lenovo in 2005, is part of the "hard-out strategy", all aimed at concentrating resources on software services.
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