Siemens to sell PC stake to Fujitsu

The Fujitsu Siemens joint venture will now be wholly owned by Japan’s Fujitsu after Siemens sells off its stake.

Fujitsu Siemens

Siemens has today confirmed that it is indeed selling its half of the Fujitsu Siemens PC joint venture to its partner Fujitsu for 450 million (363.5 million).

The joint venture, which began in 1999 and employs over 10,000 people mostly in Germany, manufactures a range of desktop and server computers under the joint Fujitsu Siemens brand.

Fujitsu said it hoped the acquisition would help it compete more effectively against the likes of IBM, HP and Dell in key markets such as the UK, Europe and the Middle East.

"Fully integrating Fujitsu Siemens into Fujitsu fits perfectly into our global growth strategy," said Kuniaki Nozoe, president of Fujitsu.

Advertisement
Advertisement - Article continues below
Advertisement - Article continues below

"We're inheriting a strong customer base in EMEA and an R&D capability that can support our global products development."

IT PRO reported in September that Siemens was expected to sell out its stake to Fujitsu, as it has been spinning off non-core businesses for some time in order to focus more resources on its power, energy and health services divisions. There is also concern that the market for desktop PCs is going to shrink significantly in the face of falling consumer spending.

Fujitsu said it had not made any decisions about FSC's consumer PC business, which generates about 20 per cent of the company's sales. There have been media reports that Fujitsu would pull out of the business after the acquisition.

Fujitsu said it had no plans for any job cuts. The deal will be concluded in April 2009.

(Additional reporting from Reuters)

Featured Resources

What you need to know about migrating to SAP S/4HANA

Factors to assess how and when to begin migration

Download now

Your enterprise cloud solutions guide

Infrastructure designed to meet your company's IT needs for next-generation cloud applications

Download now

Testing for compliance just became easier

How you can use technology to ensure compliance in your organisation

Download now

Best practices for implementing security awareness training

How to develop a security awareness programme that will actually change behaviour

Download now
Advertisement

Recommended

Visit/hardware/354336/the-it-pro-products-of-the-year-2019-all-the-years-best-hardware
Hardware

The IT Pro Products of the Year 2019: All the year’s best hardware

24 Dec 2019
Visit/server-storage/34706/fujitsu-server-primergy-tx1320-m4-review-a-powerful-starter-server
Server & storage

Fujitsu Server Primergy TX1320 M4 review

29 Oct 2019
Visit/server-storage/34002/fujitsu-server-primergy-tx1330-m4-review-a-smart-server-investment
Server & storage

Fujitsu Server Primergy TX1330 M4 review

11 Jul 2019
Visit/server-storage/33835/fujitsu-server-primergy-rx1330-m4-review-one-cool-customer
Server & storage

Fujitsu Server Primergy RX1330 M4 review: One cool customer

15 Mar 2019

Most Popular

Visit/policy-legislation/data-governance/354496/brexit-security-talks-under-threat-after-uk-accused-of
data governance

Brexit security talks under threat after UK accused of illegally copying Schengen data

10 Jan 2020
Visit/security/cyber-security/354468/if-not-passwords-then-what
cyber security

If not passwords then what?

8 Jan 2020
Visit/policy-legislation/31772/gdpr-and-brexit-how-will-one-affect-the-other
Policy & legislation

GDPR and Brexit: How will one affect the other?

9 Jan 2020
Visit/web-browser/30394/what-is-http-error-503-and-how-do-you-fix-it
web browser

What is HTTP error 503 and how do you fix it?

7 Jan 2020