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.

"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

Key considerations for implementing secure telework at scale

Identifying the security risks and advanced requirements of a remote workforce

Download now

The State of Salesforce 2020

Your guide to getting the most from Salesforce

Download now

Fast, flexible and compliant e-signatures for global businesses

Be at the forefront of digital transformation with electronic signatures

Download now

Rethink your cybersecurity strategy for the new world

5 steps to secure the enterprise and be fit for a flexible future

Download now

Recommended

Fujitsu fi-800R review: Snappy scanning
peripherals

Fujitsu fi-800R review: Snappy scanning

1 Jul 2020
Fujitsu announces AI monitor that tracks hand-washing
artificial intelligence (AI)

Fujitsu announces AI monitor that tracks hand-washing

22 Jun 2020
Thales strikes key cloud partnership to support Fujitsu services
cloud security

Thales strikes key cloud partnership to support Fujitsu services

12 Feb 2020
The IT Pro Products of the Year 2019: All the year’s best hardware
Hardware

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

24 Dec 2019

Most Popular

How to find RAM speed, size and type
Laptops

How to find RAM speed, size and type

3 Aug 2020
How to use Chromecast without Wi-Fi
Mobile

How to use Chromecast without Wi-Fi

4 Aug 2020
How do I fix the Windows 10 Start Menu if it's frozen?
operating systems

How do I fix the Windows 10 Start Menu if it's frozen?

3 Aug 2020