Breaking News

ASUSTOR 30 TB Ironwolf Pro Now Officially Supported ASUS Announces ExpertCenter P500 SFF Lexar Launches the NM990 PCIe 5.0 SSD DJI Agras T100, T70P and T25P Launches Globally Sony Introduces the RX1R III

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Fuji Xerox and Xerox to Combine to Become a New Fuji Xerox

Fuji Xerox and Xerox to Combine to Become a New Fuji Xerox

Enterprise & IT Jan 31,2018 0

FUJIFILM Holdings and Xerox have entered into a definitive agreement to combine Fuji Xerox Co., Ltd. and Xerox.

As part of the afreement, Fujifilm will own 50.1% stake of the combined company. This transaction has been unanimously approved by the Board of Directors of Fujifilm and Xerox on January 31st, and January 30th respectively.

Founded in 1962, Fuji Xerox is a Document Solution Company, and is currently a 75-25 joint venture between Fujifilm and Xerox. Fuji Xerox operates mainly in Japan and the Asia Pacific, while Xerox focuses on the U.S. and European markets.

The two companies will combine by Fuji Xerox becoming a 100% subsidiary of Xerox, and Xerox will change its name to "Fuji Xerox" . Fujifilm will acquire 50.1% of New Fuji Xerox, and the company will maintain its NYSE listing. The combined company will maintain the "Fuji Xerox" and "Xerox" brands within its respective operating regions.

The new Fuji Xerox's Board of Directors will include twelve members, seven of whom will be appointed by the Fujifilm Board. Five independent directors will be appointed from the Xerox Board. Shigetaka Komori, chairman and chief operating officer of Fujifilm and Chairman of the existing Fuji Xerox, is going to serve as chairman of the Board.

Fujifilm has built a business platform in areas such as healthcare, highly functional materials, document and others, while undergoing a major shift in its business structure in its existing businesses such as photography and digital cameras.

"The new Fuji Xerox will accelerate value creation that lead to productivity improvements in the office-related business, by the combination with Fujifilm's vast range of marking technologies from imaging to industrial applications, and utilization of Fujifilm's management expertise and experience in business transformation, and improve its earnings capability. Fujifilm will continue its investments in growth areas such as healthcare and highly functional materials, further accelerating the growth of the overall Fujifilm Group" the two companies said.

The acquisition comes as Xerox has been under pressure to find new sources of growth as it struggles to reinvent its legacy business amid waning demand for office printing. Fujifilm is also trying to streamline its copier business with a larger focus on document solutions services.

Tags: Fujifilm
Previous Post
MediaTek Faces Slow Smartphone Sales in China
Next Post
Fujitsu to Sell Stake in Mobile Phone Unit to Polaris

Related Posts

  • TAMRON announces 11-20mm F/2.8 Di III-A RXD for FUJIFILM X-mount

  • Fujifilm Launches LTO Ultrium9 Data Cartridge

  • Fujifilm launches FUJINON Lens XF18mmF1.4 R LM WR

  • Fujifilm launches instant camera “instax mini 40”

  • Fujifilm launches “FUJIFILM PROJECTOR Z8000”

  • Fujifilm announces new mirroless cameras and lens

  • New magnetic tape prototype breaks data density and capacity records

  • New Fujifilm Broadcast Lenses Produce Dynamic 8K UHD Video

Latest News

ASUSTOR 30 TB Ironwolf Pro Now Officially Supported
Enterprise & IT

ASUSTOR 30 TB Ironwolf Pro Now Officially Supported

ASUS Announces ExpertCenter P500 SFF
Enterprise & IT

ASUS Announces ExpertCenter P500 SFF

Lexar Launches the NM990 PCIe 5.0 SSD
PC components

Lexar Launches the NM990 PCIe 5.0 SSD

DJI Agras T100, T70P and T25P Launches Globally
Drones

DJI Agras T100, T70P and T25P Launches Globally

Sony Introduces the RX1R III
Cameras

Sony Introduces the RX1R III

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed