Fujitsu Consulting

Fujitsu Consulting Announces Sale of Spain Subsidiary to Management-led Group

Edison, NJ, January 23, 2004 — Fujitsu Consulting, the global consulting and services arm of the $38 billion Fujitsu Limited, has entered into a definitive agreement to sell its ownership interest in the companies comprising DMR Consulting Spain to a group that includes the DMR Consulting Spain management team backed by private investment firms. Both sides anticipate that the transaction will be completed within the next few months. DMR Consulting Spain currently provides consulting and services in nine countries, including Argentina, Austria, Brazil, Chile, Italy, Germany, Mexico, Portugal, and Spain. Financial terms of the transaction were not disclosed.

According to Fujitsu Consulting President and CEO Michael Poehner, “DMR Consulting Spain has operated under a different business model and has evolved to a point where the divestiture can benefit both companies. DMR Consulting Spain can now operate as an independent company and Fujitsu Consulting has additional funds available to support strategic initiatives in its key markets, particularly the US.”

Mr. Poehner also noted that in addition to funds received from the transaction, Fujitsu Consulting plans to maintain its business network in the countries in which DMR Spain operates through a non-exclusive alliance partnership currently being formulated between the two companies.  

---

About Fujitsu Consulting

A trusted provider of management and technology consulting to business and government, Fujitsu Consulting is the global consulting and services arm of the $38 billion Fujitsu Limited.  Fujitsu Consulting integrates the core expertise of the Fujitsu companies and its partners to deliver complete business solutions in the areas of Enterprise Value Management, Enterprise Mobility, Legacy Migration and Managed Services.  Through its industry-recognized strategic approach, Macroscope®, Fujitsu Consulting enables clients to build more value into their IT investments and drive their leadership in the marketplace.
For more information, please see: us.fujitsu.com/consulting

About Fujitsu

Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting technologies, highly reliable computing and telecommunications platforms, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.6 trillion yen (US$38 billion) for the fiscal year ended March 31, 2003.
For more information, please see: www.fujitsu.com

---

Press Contacts