Japanese electronics firm in talks over phone unit sale

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.


Share this article



Latest Businesses for Sale

Comprehensive Data Centre Solutions
UK Wide

Company offers data centre solutions such as design,implementation and ongoing maintenance for public and private sectors. Works with circa 380 active clients, 70% of whom provide repeat and reliable custom. Offers invited.

Asking Price: Offers Invited
Turnover: £6,400,000

LEASEHOLD


SaaS Provider of DMS Solutions
North of England, UK Wide

Develops and supplies innovative DMS solutions to the financial,insurance and medical sectors.Maintains a position at the forefront of technology, offering a selection of office and cloud-based solutions.Premiered a HTML5 DMS solution. Offers invited...

Asking Price: Offers Invited
Turnover: £1,000,000

LEASEHOLD


Major Infrastructure Projects Multi-Disciplinary Design Consultancy
UK Wide

Provides design consultancy services, specialising in major infrastructure projects in the rail, built environment and energy sectors.Operates internationally, catering to major blue-chip clients, 95% of whom provide regular, repeat business on an on...

Asking Price: Offers Invited
Turnover: £1,400,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
24
 
Jan
 

Hawkin’s Bazaar enters administration | ADMINISTRATION

Norwich-based novelty toy retailer Hawkin’s Bazaar has...

 
23
 
Jan
 

MBO at Bristol-based media training firm | MBO/MBI

Mentor Media Training has been acquired by lead consultant D...

 
22
 
Jan
 

Chelmsford warehouse management firm bought by software provider | BUSINESS SALE

Chelmsford-based warehouse management solutions provider Min...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources