Fujitsu, a leading provider of business, information technology and communications solutions today confirmed the acquisition of KAZ Group Pty Ltd from Telstra Corporation Limited, following receiving approval from the Foreign Investment and Review Board (FIRB).
In March 2009, Fujitsu initially announced its intention to acquire 100 percent of shares in KAZ Group from Telstra Corporation Limited for A$200 million. Fujitsu has now obtained regulatory approval, granted by the FIRB to move forward on the acquisition. This merger boosts Fujitsu's position to the 3rd largest ICT Company in the Australian and New Zealand market, with a team of nearly 5,000 across the country.
The transaction marks another successful milestone as Fujitsu continues its corporate growth strategy to continually improve and enhance end-to-end capabilities. The strength of KAZ's existing business expands Fujitsu's capabilities to a new level in the Australian market creating better value for existing and future customers. The deal also creates a strategic alliance between Fujitsu and Telstra that builds on the existing working relationship and provides new opportunities for both organisations.
"This acquisition is all about growth and job security for a strengthened Fujitsu business in our local market," said Mr. Rod Vawdrey, CEO Fujitsu Australia and New Zealand. "The merger will ensure retention of local expertise and will enhance our ability to present a strong local footprint in the Australian market."
With a strong track-record working with Australian governments, particularly at the state level, the acquisition of KAZ gives Fujitsu enhanced service capabilities for Federal public sector opportunities and a strong physical presence in Canberra.
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 170,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.4 trillion yen (US$47 billion) for the fiscal year ended March 31, 2013.
For more information, please see: : fujitsu.com
Fujitsu Australia and New Zealand is a leading service provider of business, information technology and communications solutions. As the third largest ICT Company in the Australian and New Zealand marketplace, we partner with our customers to consult, design, build, operate and support business solutions. From strategic consulting to application and infrastructure solutions and services, Fujitsu Australia and New Zealand have earned a reputation as the single supplier of choice for leading Corporate News and government organisations. Fujitsu Australia Limited and Fujitsu New Zealand Limited are wholly owned subsidiaries of Fujitsu Limited (TSE: 6702).
For more information, please see: : fujitsu.com.au
+61 2 9113 9225
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Fujitsu Australia and New Zealand
Date: 01 May, 2009
Company: Fujitsu Australia Limited
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