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  7. LIVIA Group and Fujitsu reach an agreement for the acquisition of Fujitsu Technology Solutions Italy SpA

LIVIA Group and Fujitsu reach an agreement for the acquisition of Fujitsu Technology Solutions Italy SpA

Fujitsu EMEIA

Munich, August 12, 2019 – Fujitsu and LIVIA announce the signing of an agreement for the acquisition of 100% of the shares in Fujitsu Technology Solutions Italy SpA. This follows Fujitsu’s announcement earlier this year that it is changing its operating model in a number of countries including in Italy, by moving to a fully channel-centric model with the objective of improving operational performance and accelerating business growth.
Fujitsu Technology Solutions Italy SpA is one of the leading ICT companies in Italy, offering a full range of technology products, solutions and services for the public and private sector. Under the terms of the agreement, the company will become Fujitsu Technology Solutions GmbH exclusive distribution partner and local service provider for the Italian market. To ensure a smooth transition, customers will have continued access to Fujitsu client computing devices, servers and storage products, as well as seamless support services.
The transaction is expected to be completed in early September. Both parties have agreed to keep the purchase price confidential.
Note to editors
LIVIA Group is an independent industrial holding as well as the private investment enterprise of Prof. Dr. Dr. Peter Löw with funds under management of more than EUR 782m. LIVIA invests in a diverse spectrum of assets, ranging from corporate, agricultural and opportunistic investments to real estate, emerging markets, and fine arts/ antiques. More than 250 executed transactions made LIVIA’s management a preferred and trusted partner of international corporations and financial institutions.

LIVIA Corporate Development is specialized in acquiring European corporate spin-offs / carve-outs as well as midsized companies with revenues between EUR 20m and EUR 1.5bn. The focus is on business transformations and acquisitions of underperforming companies with operational improvement potential as well as add-on acquisitions for existing platform investments to realize synergies. https://livia-group.com/

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About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 132,000 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 4.0 trillion yen (US $36 billion) for the fiscal year ended March 31, 2019. For more information, please see www.fujitsu.com.

About Fujitsu Europe

In Europe, Fujitsu works with a growing ecosystem of partners, customers and local communities to create a ‘Human Centric Intelligent Society’ that is inclusive, sustainable and trusted. Our 28,000-strong workforce develops leading-edge digital solutions that address global business and societal challenges while also generating value for customers, helping accelerate their transformational journeys by harnessing the power of co-creation through our unique Human Centric Experience Design (HXD) methodology. For more information, please visit http://www.fujitsu.com/fts/about/

Fujitsu Public Relations

E-mail: E-mail: public.relations@ts.fujitsu.com
Company:Fujitsu Technology Solutions

Date: 12 August, 2019
City: Munich