Siemens wants out of joint venture

Reports suggest that the Fujitsu Siemens joint venture might not be extended by Siemens as partnership comes up for renewal next year.

Fujitsu Siemens

Fujitsu Siemens could be ending as a partnership, according to reports in German newspaper Euro am Sonntag.

Siemens is planning to sell its stake in the joint venture, said the publication, citing informed sources.

Fujitsu would then sell on the end-customer side of the business as it is mostly interested in the commercial customer business, the weekly paper reported.

Chinese computer manufacturer Lenovo is suggested as a favourite to pick this up, according to the paper, again citing unidentified people in the industry.

Fujitsu Siemens said negotiations between the two partners about the future of the joint venture are ongoing, while Siemens declined to comment.

The German-Japanese venture will be automatically extended for another five years from 2009 if neither partner gives notice this year that it wants to exit from the deal.

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