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February 3, 1987


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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