Deloitte Corporate Finance Advisory acted as exclusive financial advisor to Fujitsu on the sale of Fujitsu Services GmbH, a German Fujitsu company providing private cloud and IT application services to a large customer base to funds advised by AEQUITA SE & Co KGaA.
About the transaction:
An international team of Deloitte in Germany and Japan, led by Claudius Thiell (Managing Director), Hiroshi Akiyama (Managing Director) and Lutz Illichmann (Assistant Director) supported by Luca Haberland (Associate) and Yuting Bao (Analyst) from Deloitte Corporate Finance Advisory Germany successfully advised Fujitsu on its disposal of 100% of the shares in Fujitsu Services GmbH and the related portfolio of offerings to funds advised by AEQUITA SE & Co KGaA (“AEQUITA”). The parties agreed not to disclose any details of the transaction.
The related portfolio of offerings acquired by AEQUITA consists of private cloud solutions, managed services for on-premise customer environments and other managed service solutions, including network and operation which will be continued based on existing data centers in the Frankfurt area. In the last business year, Fujitsu Services GmbH generated revenues of approx. EUR 200m with approx. 1,200 employees. With a strong understanding of Fujitsu Services GmbH’s existing business model, AEQUITA is committed to improving the Services portfolio elements acquired from Fujitsu, while ensuring that current customers consisting of mid-sized to large enterprises in the private and public sector continue to enjoy the seamless provision of services and collaborating with Fujitsu as necessary to maintain business continuity and service quality.
Mikihito Saito, Co-CEO, Europe Region at Fujitsu, said: “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.”
During the process, Deloitte demonstrated best-in-class cross border execution capabilities through the strength of its German-Japanese transaction team. Deloitte was able to set up an accelerated transaction process which spanned across four months from kick-off to signing. The transaction is expected to be completed at the beginning of 2024, subject to approval by the relevant authorities and other closing conditions.
Fujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, the 124,000 employees work to resolve some of the greatest challenges facing humanity. Fujitus’s range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$28 billion) for the fiscal year ended March 31, 2023 and remains the top digital services company in Japan by market share.
About Deloitte – Corporate Finance Advisory
As leading independent M&A advisors, we provide M&A deal execution and financial advisory services to large and mid-market corporations as well as to private equity firms globally. We offer financial advice and insight at every stage of a transaction – from consideration of strategic options to transaction execution, be it an acquisition or divestment or debt restructuring. We pride ourselves in our independent advice to our clients.