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Fujitsu very actively seeking acquisitions

Posted on Tuesday, August 24 2010 @ 00:15:00 CEST by

Fujitsu president Masami Yamamoto told Bloomberg that his company is "very actively" seeking for acquisitions to boost global growth. He didn't identify any takeover targets, but said he's interested in cloud-computing and middleware markets, as Fujitsu is moving away from unprofitable hardware businesses.
“Targets will be companies that have technologies that Fujitsu doesn’t have or that have customers that Fujitsu has never been able to reach so far,” Masami Yamamoto said in an interview in New York through an interpreter. “We would like to get engaged very actively in M&A activities.”

Yamamoto, who took over as president in April, said Fujitsu is looking at companies in the cloud-computing and middleware markets and is also seeking alliances. He declined to identify potential acquisition targets or partners. Tokyo-based Fujitsu has been moving away from unprofitable hardware businesses and betting more on services for growth.



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