Fujitsu, Lenovo and DBJ form joint venture

Fujitsu, Lenovo and the Development Bank of Japan (DBJ) have announced a strategic collaboration that creates a joint venture between the three companies. The JV will focus on the research, development, design, manufacturing and sales of client computing devices (CCD) for the global PC market.

Fujitsu will sell a 51% stake in its wholly owned subsidiary Fujitsu Client Computing Limited (FCCL) to Lenovo and a 5% stake to DBJ. After the transaction, FCCL will become a joint venture company owned by Fujitsu, Lenovo and DBJ. It will continue to be known as Fujitsu Client Computing Limited, with Kuniaki Saito set to remain as current representative director and president of the company.

Through the strategic collaboration, Fujitsu and Lenovo aim to drive further growth, scale and competitiveness in the PC businesses both in Japan and worldwide. The JV is expected to leverage Fujitsu’s capabilities in global sales, customer support, R&D, automated and efficient manufacturing, and systems integration. It will also benefit from Lenovo’s global scale and presence. Furthermore, through investment in JV, DBJ will support FCCL’s sustainable growth and provide financial expertise from the perspective of a financial institution.

After the JV is established, FCCL products will continue to be distributed and sold under the Fujitsu brand name. Fujitsu will also continue to serve corporate customers worldwide directly or indirectly through its channel partner network and provide the related after-sales support and services. FCCL will serve the consumer market in Japan either directly or indirectly through mass retailers and provide product support and services.

The transaction is expected to be closed in Q1 FY2018.

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