Lenovo to acquire controlling stake in Fujitsu's PC Business, Effectively buying it from Fujitsu.

[AlTech]

Welp, there goes Toshiba Fujitsu .

 

Lenovo has acquired a controlling stake in Fujitsu's PC Business and thus Lenovo legally owns their new venture in the PC business.

 

 

The development bank of Japan also now owns a 5% stake in it..

 

Quote

Lenovo, Fujitsu, and the Development Bank of Japan (DBJ) on Thursday announced plans to form a PC joint venture. Lenovo will own a 51% stake in the new venture – giving them the controlling stake of what is becoming of Fujitsu's PC business – while Fujitsu and DBJ will smaller stakes. The joint venture will develop, produce and sell computers under the Fujitsu brand to consumers, but Fujitsu will continue to serve its corporate customers through its channel partner network.

Fujitsu and Lenovo have been negotiating the deal for well over a year, so nothing comes as a surprise. Under the terms of the agreement, Fujitsu will sell a 51% stake in its wholly owned subsidiary Fujitsu Client Computing Limited (FCCL) to Lenovo and a 5% stake to DBJ. The former will pay up to ¥25.5 billion ($223.4 million), whereas the latter will pay up to ¥2.5 billion ($21.9 million) based on performance of FCCL to 2020. Initially, Lenovo will pay Fujitsu ¥17.85 billion ($156.42 million).

 

TL:DR All future Fujitsu branded consumer notebooks will be coming out of this new joint venture and will mostly be dictated by Lenovo.

 

As Anandtech mentions, Lenovo isn't a stranger to joint ventures with PC makers.

Quote

Lenovo is not new to joint ventures, particularly in Japan. Back in 2011, the company formed a joint PC business with NEC, where it owned a 51% stake. After five years, Lenovo acquired the remaining 49% stake from NEC to become the owner of the company, which controls about a quarter of the Japanese PC market. The takeover of the Fujitsu PC business was expected to increase Lenovo’s PC maker share in Japan to over 40%, but the actual share is unclear because Fujitsu will formally retain its corporate PC business.

After the transaction closes in Q1 FY2018 (Q2 calendar 2018), FCCL will handle R&D, manufacturing, sales, and support of Fujitsu-branded PCs to consumers. The fact that FCCL will retain its “highly-automated and efficient manufacturing” means that Lenovo does not plan to move manufacturing of Fujitsu-branded devices to China, but will localize it in Japan, just like it did with NEC years ago. Obviously, Lenovo will procure parts required by FCCL and will therefore use its economies of scale to cut-down some of the manufacturing costs.

 

 

 

And this plan only mentions consumer products Japan but not Europe or Americas. So we have no idea what's going on there.
It's possible that this joint venture won't sell consumer notebooks outside of Japan.

Quote

 

Interesting. Welp. RIP Fujitsu's PC Business. I guess that Fujitsu wasn't making boat loads of dough from PC sales anyway unlike Dell and HP.

 

Source:

https://www.anandtech.com/show/11995/lenovo-to-acquire-controlling-stake-of-fujitsus-pc-business

 

[PlayStation 2]

Hmm, never really knew Fujitsu still made desktops or laptops or whatever to this day.

[vanished]

Will anyone care or notice?

The last time I remember toshiba laptops being a thing was back when they were known for overheating

[AlTech]

1 minute ago, Ryan_Vickers said:

Will anyone care or notice?

I'm too tired LMFAO.

 

I wrote Toshiba instead of Fujitsu and nobody noticed until now.

 

It was an accident, I swear .

[vanished]

1 minute ago, AluminiumTech said:

I'm too tired LMFAO.

 

I wrote Toshiba instead of Fujitsu and nobody noticed until now .

Oh, I just assumed they owned them or something.

 

I've never heard of a fujitsu laptop, so this matters even less now 

[AlTech]

Just now, Ryan_Vickers said:

Oh, I just assumed they owed them or something.

 

I've never heard of a fujitsu laptop, so this matters even less now 

Although at this point I could have substituted either and the article would still make sense cos neither are doing well .

[PlayStation 2]

Just now, Ryan_Vickers said:

Oh, I just assumed they owned them or something.

 

I've never heard of a fujitsu laptop, so this matters even less now 

They exist.

They just were aimed at businesses in an environment when many other laptops did justice.

[themctipers]

I sure love preinstalled keyloggers. 

[heimdali]

26 minutes ago, Dan Castellaneta said:

They exist.

They just were aimed at businesses in an environment when many other laptops did justice.

Oh those Fujitsu laptops sucked soo badly ...  They were the slowest laptops I´ve ever seen, and some of them just came apart.

 

Then they took several months to replace a broken tape library under warranty.  That was entirely unacceptable.

 

Do not buy Fujitsu.