July 16, 2019

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Bischoff bids adieu as Siemens sells out to Fujitsu

by Stuart Wilson, Friday 7 November 2008

The writing had been on the wall for Fujitsu Siemens Computers, the joint venture EMEA hardware business between Fujitsu and Siemens. A deal has finally been hammered out – subject to government approval – that will see Fujitsu purchase Siemens’ stake for US$579m cash. Bernd Bischoff, president and CEO at Fujitsu Siemens, has resigned for personal reasons and been replaced by CFO Kai Flore.

The companies hope to close the deal by April 1st 2009 with Fujitsu Siemens Computers continuing to operate as a joint venture until the deal is completed. The joint venture was launched on October 1st 1999 and has carved out a strong position in the EMEA server, PC and data storage arenas. Fujitsu Siemens had also expanded its infrastructure services offering.

“Fully integrating Fujitsu Siemens Computers into the Fujitsu Group fits perfectly into our global growth strategy,” said Kuniaki Nozoe, president at Fujitsu. “We’re inheriting a strong customer base in EMEA and an R&D capability that can support our global products development – not to mention a tremendously talented group of employees who share our values and commitment to grow with our customers as their trusted business partner.”

Joe Kaeser, CFO at Siemens, added: “We continue to focus our company on the strategic sectors energy, industry and healthcare. We are happy that our joint venture partner Fujitsu will acquire our stake in Fujitsu Siemens Computers and will take the company to its next level of success.”

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