FUJITSU LIMITED Fujitsu Limited and Furukawa Electric Co., Ltd. today announced that Fujitsu has agreed to acquire 51% of the outstanding shares of FITEC Corporation, the Furukawa Electric Group company, in an information systems partnership. Furukawa Electric and Fujitsu plan to begin joint operation of FITEC in October of this year.
Through this partnership, Furukawa Electric aims to achieve competitive manufacturing using the latest information technologies, such as IoT and AI, while strengthening the development of IT personnel at FITEC, which is responsible for the Furukawa Electric Group's information systems. In addition, it will accelerate IT governance initiatives, such as information security countermeasures and greater efficiencies in mission-critical tasks, to strengthen Group management.
Fujitsu aims to strengthen its relationship with Furukawa Electric through joint operation of FITEC, and together with providing comprehensive support for Furukawa Electric's IT systems, will also acquire knowledge with regard to Furukawa Electric's IT skills and operational experience in the manufacturing field. In this way, Fujitsu aims to strengthen its own manufacturing solutions, and co-create innovation with Furukawa Electric using cutting-edge digital technologies, such as IoT and AI.
Through this partnership, FITEC aims to expand its business contributions and improve the quality of its information systems services for the Furukawa Electric Group and its many customers. To achieve this, FITEC will learn from and incorporate the advanced technologies and solutions capabilities from Fujitsu, in addition to the experience it has built up in operations for the Furukawa Electric Group.
| 1. Name | : | FITEC Corporation |
| 2. President and Representative Director | : | Satoshi Tanaka |
| 3. Headquarters | : | Higashiyama Building, 1-2 Higashiyama 1-chome, Meguro-ku, Tokyo |
| 4. Capitalization | : | 70 million yen |
| 5. Shareholder composition | : | 100% Furukawa Electric Co., Ltd. |
| 6. Number of employees | : | 265 (as of March 31, 2017) |
| 7. Business composition | : | Solutions business, services business, system products business |
All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
Date: 09 May, 2017
City: Tokyo
Company: Furukawa Electric Co., Ltd. ,Fujitsu Limited
Fujitsu Ltd. published this content on 09 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 May 2017 12:40:13 UTC.
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