Fujitsu Acquires Shares of Panasonic Information Technology Solutions
September 2, 2014     Japanese 
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Fujitsu Acquires Shares of Panasonic Information Technology Solutions - JCN Newswire
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Fujitsu Acquires Shares of Panasonic Information Technology Solutions
 
Begins providing information system outsourcing services to Panasonic Group

Tokyo, July 1, 2014 - (JCN Newswire) - Fujitsu Limited and Panasonic Corporation today announced that Fujitsu has completed the acquisition of all shares of Panasonic Information Technology Solutions Co., Ltd., which had been a Panasonic subsidiary specializing in information systems.

As of today, Panasonic Information Technology Solutions' name has been changed to Fujitsu IT Management Partner Co., Ltd., which has now begun to provide outsourcing services relating to the operation, maintenance and development of ICT systems to Panasonic and its group companies (the Panasonic Group).

Leveraging its know-how in the construction, operation, and maintenance of an array of information systems, Fujitsu has been proposing services to support innovative ICT for customers and its ICT-related affiliates. Now, with its acquisition of all Panasonic Information Technology Solutions' shares, Fujitsu will support Panasonic's strategic use of ICT systems by offering high quality and efficient ICT services, which formerly had been provided to the Panasonic Group by Panasonic Information Technology Solutions, based on its expertise in streamlining and the nurturing of human resources.

For its part, Panasonic aims to use Fujitsu expertise to thoroughly raise efficiencies and further improve the quality, cost, and delivery (QCD) of the construction, operation and maintenance of information systems within the Panasonic Group.

Overview of the New Company

1. Company name: Fujitsu IT Management Partner Co., Ltd.
2. Headquarters: 1006 Kadoma, Kadoma City, Osaka
3. Representative: Toshiro Hiramatsu
4. Description of business: Operations, maintenance and development services for information systems
5. Capital: 100 million yen
6. Ownership structure: Wholly owned by Fujitsu
7. Number of employees: Approximately 500

About Fujitsu Limited

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 170,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.4 trillion yen (US$47 billion) for the fiscal year ended March 31, 2013 For more information, please see www.fujitsu.com.

Contact:

Fujitsu Limited
Public and Investor Relations
 www.fujitsu.com/global/news/contacts/
+81-3-3215-5259

 


July 1, 2014
Source: Fujitsu Limited

Fujitsu Limited (TSE: 6702) (U.S: FJTSY)

From the Japan Corporate News Network
http://www.japancorp.net
Topic: Merger & Acquisition
View more news from these Sectors: IT & Internet General, Networks & Cloud Computing, Electronics General


 
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