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Industry Summary Articles

Monday, December 19, 2016

Fujitsu and Lenovo to Explore Global Strategic Cooperation, Possible Merger

Fujitsu's president Tatsuya Tanaka says his company hopes to sign a PC business merger agreement with China's Lenovo before March 31, 2017, which is the end of Fujitsu's financial year.
 
Fujitsu transferred its Japan PC business to FCCL, a newly established wholly owned subsidiary of Fujitsu, on February 1, 2016. Since then, Fujitsu has been considering various options to ensure the future growth of its PC business. Lenovo, already the world’s largest PC supplier, is continuously seeking opportunities to further grow its core business in the global market. Through the cooperation, the two companies aim to create a successful model that leverages Fujitsu’s global sales, customer support, R&D and manufacturing capabilities together with Lenovo’s operational excellence to improve competitiveness in the dynamic global PC market. 
 
Fujitsu will continue to offer a high-quality, innovative and reliable Fujitsu branded PC portfolio and the related after-sales support to customers and channel partners worldwide.
 
Fujitsu and Lenovo will continue their discussion in pursuit of a mutually beneficial collaboration. The two companies are also in talks with Development Bank of Japan for the bank to provide financial and strategic support. Further details will be announced as they become available.

To view the original press release, please click here.

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