05 November 2008
Fujitsu of Japan is buying Siemens' 50% stake in their European IT joint venture. The takeover is the latest example of consolidation in the technology industry in response to intense competition and sluggish demand. Fujitsu will pay about €450m ($584m) for Siemens' stake in Fujitsu Siemens Computers, which supplies PCs, servers and other IT hardware in Europe.