January 30, 2015     Japanese 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
ITOCHU Acquires IT Service Providers in Malaysia and Singapore

Tokyo, Feb 25, 2013 (JCN) - ITOCHU Corporation and ITOCHU Techno-Solutions Corporation have agreed to acquire a 100% stake in CSC ESI Sdn Bhd of Malaysia (CSC ESI) and CSC Automated Pte. Ltd. of Singapore (CSC Automated), which are affiliated with Computer Sciences Corporation (CSC), a major IT service provider in the United States. An agreement for the acquisition, for a total of 90 million U.S. dollars, has been concluded.

CSC ESI and CSC Automated are large and established businesses that operate locally in Malaysia and Singapore, respectively. In addition to boasting good customer bases, including financial institutions, manufacturers, and government agencies, these companies deal with a wide array of products from major IT manufacturers in North America and have strength in the development of IT infrastructure and the provision of maintenance services.

The businesses have much in common with CTC's business models in Japan. By acquiring the two companies, ITOCHU and CTC will expand their business in the field of telecommunications, in which CTC has strength in Japan, and provide corporate clients based in Southeast Asia with the same level of service as that offered in Japan.

ITOCHU places emphasis on Southeast Asia as a growth market in the information and communication field. By acquiring CSC ESI and CSC Automated, ITOCHU will combine the business bases of the two companies with its related domestic and overseas businesses and various networks so as to expand its IT service businesses across the region.

By Chris Lui Staff Writer

Copyright © 2015 JCN. All rights reserved. A division of Japan Corporate News Network KK.

 Company Profile |   Print  |   Alerts
ACN Newswire

 Recent  ITOCHU News  
  ITOCHU to Build a Mega Solar Power Plant in Okayama  (Dec 10, 2014)
  ITOCHU Announces Merger of Asset Related to Iron Ore Mining Business in Brazil  (Nov 26, 2014)
  ITOCHU Secures Exclusive Import and Distribution Rights of Derek Lam and Derek Lam 10 Crosby Brands  (Nov 13, 2014)
  ITOCHU Art Exhibition Celebrates Year of the Sheep  (Oct 31, 2014)
  ITOCHU: Benefit One Indonesia and MidPlaza Holdings Form Capital Alliance  (Oct 22, 2014)
  ITOCHU Invests in Bellsystem24, Japan's Largest Call Center Provider  (July 30, 2014)
  ITOCHU and Canada's Kaizen Discovery in Collaborative Mineral Resources Exploration and Development  (Feb 3, 2014)
  MHI Receives Follow-up Order for 48 More Cars For the Macau Light Rapid Transit System  (Jan 7, 2014)
  ITOCHU to Construct Africa's Largest Solar Power Plant in South Africa  (June 10, 2013)
  ITOCHU Participates in U.S. Next-Gen Biodiesel Fuel Production  (May 23, 2013)

 Recent  Networks & Cloud Computing News   
KDDI Develops Creative Platform for Firefox OS Developers (Oct 10, 2014)
ITOCHU Invests in Bellsystem24, Japan's Largest Call Center Provider  (July 30, 2014)
DNP Develops Security Application for Safe M2M Communications (Mar 14, 2014)
transcosmos Launches Call Center Business In Indonesia (June 14, 2013)
Hitachi Develops Biometric Digital Signature Technology (Feb 26, 2013)
ITOCHU Acquires IT Service Providers in Malaysia and Singapore (Feb 25, 2013)
NTT Develops Bio-inspired Algorithm for Network Virtualization (Jan 24, 2013)
EUROCONTROL Experimental Centre Selects EIZO 2K x 2K Monitors (Jan 17, 2013)
Net Chart Japan Launches eco-patch10G, Thinnest and Lightest LAN Cable on Market (Jan 9, 2013)
EIZO Among Manufacturers to Fulfill Criteria for TCO Certified Displays 6.0 (Sept 21, 2012)

More Networks & Cloud Computing news...
CSR Report Download
Annual Reports

  More >>    
Most Popular

About JCN | Privacy Policy | Terms of Use | JCN Network (日本語)