Fujitsu Ltd., Japan’s second-biggest maker of personal computers, offered to buy GFI Informatique SA for as much as €419 million ($569 million) to expand operations in Europe and trim a reliance on the domestic market.
The company will offer €8.5 for each GFI share and €3.15 for each warrant of the Paris-based computer consultant, Fujitsu Ltd. said in a statement today. Tokyo-based Fujitsu will make the offer through its UK unit, Fujitsu Services Ltd. Fujitsu’s planned acquisition comes amid a goal to expand sales contribution from overseas to 50%, from about 36% in the year ended March 31. Fujitsu aims to increase sales contribution from overseas to half of the total in „two to three years,” spokesman Etsuro Yamada said by telephone to Bloomberg today.
The purchase comes as Apax Partners Worldwide LLP is buying a stake in GFI Informatique SA. The Japanese company said its takeover, scheduled to start in July, will proceed if GFI Informatique drop the cash-raising plan, or it is rejected by the French company’s shareholders. GFI Informatique is scheduled to hold a stakeholders’ meeting May 21. London-based Fujitsu Services hasn’t reached an agreement with GFI Informatique over the buyout, Fujitsu said in the statement. The unit is continuing talks with the company after discussing the plan with GFI Informatique Chairman Jacques Tordjman on April 26, it said. (bloomberg.com)