Pinwan, April 25, according to Sina Technology, Japanese IT services company Fujitsu will sell its printer business to office equipment maker Ricoh for about 80 billion yen (about 625 million US dollars) .
According to reports, Fujitsu will sell 80% of its wholly-owned subsidiary PFU to Ricoh. PFU is a major manufacturer of commercial scanners. Ricoh plans to create a new service integrating office equipment and image data processing by integrating PFU products.
Following the transaction, Fujitsu will focus on software development to respond to strong demand for digitization of business processes such as telecommuting.
The companies aim to make a formal decision on the deal by the end of this month. In addition, the two companies will also consider collaborating on office digitization.
Founded in 1960, PFU has a strong presence in commercial scanners. In the fiscal year ending March 2021, due to the impact of the epidemic, sales of PFU were 134.5 billion yen, down 3% year-on-year. Net profit was 3.9 billion yen, down 34% year-on-year.
After the deal closes, Ricoh expects to retain about 4,500 of its employees.
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