By Lee Davis, Keypoint Intelligence: Armed with Fujitsu’s scanner tech, Ricoh has an impressive arsenal of digital workplace tools
Ricoh is purchasing an 80% stake in Fujitsu’s scanner business. PFU, the OEM behind Fujitsu’s document scanners, will become a consolidated subsidiary of Ricoh, and Fujitsu will retain a minority stake of 20% of all shares. Official word of the agreement came early on April 28th, just days after Nikkei Asia reported that the companies had struck a deal. While Nikkei Asia’s original reporting valued the deal at $625 million (¥80 billion yen), the Notice Regarding the Conclusion of the Share Acquisition of PFU Limited released by Ricoh says the deal is worth $641 million (¥84 billion yen). Ricoh plans to officially acquire the shares on July 1, 2022. 
Ricoh was motivated to acquire a large share in PFU as part of its “Ricoh Lift Off” global strategy, which aims to transform the company into a digital services company. More specifically, Ricoh hopes to “expand its recurring revenue business by offering a combination of distinctive edge devices, business applications, and cloud platforms that enable the handling of special documents that are difficult to handle with existing MFPs.” The company also sees an opportunity to strengthen its IT management services in Japan and capitalize on production, purchasing, and development synergies between PFU’s Computer Products and Ricoh’s electronics businesses.
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SOURCE Keypoint Intelligence
