Fri, 26 Jan 2018 | BUSINESS SALE
Japan's Fujitsu electronics company has announced it is in talks with an investment fund group concerning the potential sale of its mobile phone company, according to the Nikkei newspaper.
Set to become the latest Japanese electronics firm to withdraw from the mobile phone sector, Fujitsu has revealed that it considering a deal with Tokyo-based investment fund Polaris Capital Group, which will reportedly be worth between 40 billion and 50 billion Yen (between GBP£257 million and GBP£321 million). However, Fujitsu is yet to comment on the size of the stake currently being negotiated.
The proposed sale has been prompted by the significant competition Fujitsu faces from larger rivals, including Apple and Samsung. In a statement, the firm revealed that it hoped to sell the phone unit of its business and shift its focus towards its core information technology business.
Currently, 70 per cent of the company's sales come from operations including server sales and system developments. However, it is also expected to retain its Arrows brand under Polaris.
Fujitsu's mobile phone arm was first separated from the main company in 2016 and currently achieves annual sales of around 150 billion Yen (GBP£963 million), with operating profit coming in at just 10 billion Yen (GBP£64 million).
News of its sale has drawn interest from a number of interest funds other than Polaris, including CVC Capital Partners Ltd and Lenovo Group Ltd, the latter of which agreed to merge its PC operations with Fujitsu in November 2017. Should the sale go ahead, Fujitsu will leave just three Japanese companies competing within the mobile phone sector, including Sony Corp, Sharp Corp and Kyocera Corp.
This business offers a cutting-edge process safety management platform with proprietary software that ensures proactive safety measures for both onshore and offshore assets. With a strong foothold in the oil and gas sector and recent expansion into i...
This well-established software development business, operating since 1999, is renowned for delivering custom solutions, including bespoke CRM systems and mobile apps, to a diverse clientele across sectors such as healthcare, retail, and public servic...
This is a rare opportunity to acquire a not-for-profit Rail Development Research and Technology Organisation, complete with a purpose-built R&D facility and generating additional income from sub-tenants.
03
|
Jul
|
Energy services firm completes third acquisition | BUSINESS SALE
Energy services firm Earnz plc has completed its third acqui...
03
|
Jul
|
Newcastle life sciences firm falls into administration and ceases trading | ADMINISTRATION
AMLo Biosciences, a life sciences firm based in Newcastle, h...
03
|
Jul
|
Matthew Freud exploring possible sale of eponymous PR consultancy | BUSINESS SALE
Leading public relations executive Matthew Freud (pictured) ...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.