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February 3, 1987

MERGER OF TWO FUJITSU JOINT VENTURES

By CBR Staff Writer

Two Fujitsu joint ventures, the Panafacom combination with Matsushita that manufactures business computers and micros, and the Ussac Electronics venture with Uchida Yoko-make office computers, are to be merged on April 1 at Fujitsu’s instigation: the new company, to be called PFU Ltd, will major on Ussac’s K-series office computer, and plans to grow it into an integrated line comparable with the DEC VAX line; it will be owned 51.3% by Fujitsu, 22.0% by Matsushita and 20.7% by Uchida Yoko, and starts life with $580m combined annual sales and a total of 2,570 staff.

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