Electronics giant Fujitsu is to acquire Siemens’ share in the joint venture firm FSC, the European business IT infrastructure provider.
As previously reported, the move will be beneficial for all parties. It is likely that Fujitsu will use its full ownership of FSC to further develop its presence in the European server market, currently dominated by IBM and is expected to sell off the PC segment of the business – with speculation mounting that Lenovo will purchase it.
Siemens is looking to free up capital to allow it to further focus on the energy and healthcare sectors.
Fujitsu’s president Kuniaki Nozoe is reported to have said that the buyout is part of the company’s global growth strategy adding: “We're inheriting a strong customer base in EMEA.”
Source: The Street