Fujitsu Group Germany Emphasizes Sustainability Solutions, Sells Private Cloud Unit to AEQUITA
November 15, 2023 by Joe Panettieri
Fujitsu is sharpening its business focus in Germany. The effort includes a greater focus on sustainability solutions, while also selling off the Fujitsu Services GmbH private cloud business to private equity and family office firm AEQUITA. Financial terms of that deal were not disclosed.
Amid the changes, the Fujitsu Group in Germany will focus on three areas:
Meanwhile, AEQUITA essentially acquires Fujitsu's Germany-based private cloud solutions, managed services for on-premise customer environments, and other managed service solutions. The acquired assets remain based in existing data centers in Frankfurt.
The sold business generated revenues of roughly EUR 200 million (US$217 million) in the past year. The business unit has roughly 1,200 employees.
In a prepared statement about the asset sale, Mikihito Saito, Co-CEO, Europe Region at Fujitsu, said: “As the Fujitsu Group continues its shift to delivering solutions for sustainability transformation with its global Fujitsu Uvance portfolio, AEQUITA represents a trustworthy choice to take over our private cloud service offer in Germany. With AEQUITA’s deep understanding of our business and the needs of highly regulated industries, our customers will continue to enjoy one of the most mature solutions currently available in Germany.”
Added Christoph Himmel, managing partner of AEQUITA: “We take great pride in being selected as the best owner by Fujitsu, recognizing AEQUITA’s dedication to long-term value creation. Building on our IT expertise and the company’s experienced employees, we will continue to provide customers with the highest service quality while securing the company’s seamless transition toward becoming an independent and agile standalone organization.”
The deal is expected to close in early 2024, the companies said.