Japanese company Fujitsu Ltd intends to sell its unit engaged in the production of smartphones. AND buyer already exists Is the investment fund of Polaris Capital Group.
What is known
AT The company has not yet say about final decision, but It is expected that the signing of documents will take place in end of the month. Reuters sources report that Fujitsu will sell a controlling stake in mobile business with condition that Polaris Capital Group will retain enterprises and employees. Also, the company expects to continue the release of smartphones under the brand name Arrows.
It is not yet known which share will be received by the buyer, but this transaction will cost based in Tokyo Foundation in $ 365 - $ 455 million. Business was also bought by CVC Capital Partners and Lenovo Group. The latter, by the way, in last year acquired Fujitsu controlling block of shares in the unit for release of personal computers for $ 269 million
The mobile business of Fujitsu became a separate subsidiary only in 2016 year. Apparently, the Japanese manufacturer of smartphones is not was able to compete with giants of Apple and Samsung Electronics and Chinese companies offering more affordable devices.
Such a fate befell and Other " countrymen " who do not were able to compete with competitors. Now, in addition to Fujitsu, in Japan remained only three manufacturers of smartphones: Sony, Sharp and Kyocera.