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Fujitsu Limited

Acquisitions

Fujitsu Acquisitions

3

Major Deals Covered

What are Fujitsu's biggest acquisitions?

This page covers 3 major deals from 1990 to 2013, each with its price where disclosed and the reason behind it.

Major deals covered
3
First deal
1990
Most recent
2013
CompanyYearPricePurpose
International Computers Limited (ICL)1990UndisclosedFujitsu bought an 80% stake in International Computers Limited (ICL), Britain's largest domestic computer maker, in 1990 and took full ownership in 1998.
RunMyProcess2013UndisclosedFujitsu acquired RunMyProcess in 2013.
Fujitsu Siemens Computers (Siemens' 50% stake)2009UndisclosedFujitsu bought out Siemens' half of the Fujitsu Siemens Computers joint venture, renaming it Fujitsu Technology Solutions.
What companies has Fujitsu bought?
Major acquisitions by Fujitsu documented here include RunMyProcess (2013), Fujitsu Siemens Computers (Siemens' 50% stake) (2009) and International Computers Limited (ICL) (1990).
What is Fujitsu's most recent acquisition?
The most recent Fujitsu acquisition documented here is RunMyProcess, in 2013.

RunMyProcess

2013

Why

Fujitsu acquired RunMyProcess in 2013.

Fujitsu Siemens Computers (Siemens' 50% stake)

2009

Why

Fujitsu bought out Siemens' half of the Fujitsu Siemens Computers joint venture, renaming it Fujitsu Technology Solutions.

International Computers Limited (ICL)

1990

Why

Fujitsu bought an 80% stake in International Computers Limited (ICL), Britain's largest domestic computer maker, in 1990 and took full ownership in 1998.

Impact

ICL gave Fujitsu a large European government and enterprise customer base and recurring outsourcing revenue. It also brought the UK Post Office Horizon system, developed by ICL Pathway in the late 1990s, which became Fujitsu's largest reputational liability.

Outcome

ICL was rebranded Fujitsu Services in 2002 and became the core of Fujitsu's UK and European IT services business.

Fujitsu Limited's Growth & Acquisition Strategy

Fujitsu's growth plan has three parts. First, Uvance: packaged cross-industry and horizontal offerings (sustainability, supply chain, healthcare, finance, hybrid IT, data and AI) whose revenue grew 47% to ~$4.75 billion (JPY 709.3 billion) in FY2025. Second, modernization: moving Japanese customers off legacy mainframes and custom systems before support ends, a business that grew 24% to ~$1.67 billion (JPY 249.7 billion). Third, AI and computing, including the Kozuchi AI platform, Takane large language model work with Cohere, and quantum and HPC research. Portfolio pruning continues alongside this, with non-core assets such as Shinko Electric sold.

How Fujitsu Limited Makes Money

Fujitsu is a B2B technology company with three reported segments. Service Solutions (about two-thirds of revenue) covers systems integration, consulting, modernization of legacy mainframe and on-premise systems, cloud and managed services, and the Fujitsu Uvance cross-industry portfolio; it earned ~$15.7 billion (JPY 2,346.9 billion) of revenue in FY2025 at a 15.4% adjusted operating margin. Hardware Solutions sells servers, storage, mainframes and network equipment such as 5G and optical transmission products, mostly to Japanese enterprise, telecom and public-sector customers. Ubiquitous Solutions, the smallest segment, covers PCs and other client devices sold through its stake in Fujitsu Client Computing. Much of the revenue is recurring, coming from multi-year outsourcing, maintenance and operations contracts.

Fujitsu Acquisitions FAQ

When did Fujitsu acquire ICL?

Fujitsu took an 80% stake in International Computers Limited (ICL) in 1990 and full ownership in 1998. ICL became Fujitsu Services in 2002 and anchored its European IT services business.

When did Fujitsu take full control of Amdahl?

Fujitsu had been Amdahl's largest outside investor since the 1970s and took full ownership of the US mainframe maker in 1997.

What happened to Fujitsu Siemens Computers?

Fujitsu and Siemens formed the 50-50 Fujitsu Siemens Computers venture in 1999. Fujitsu bought out Siemens' stake in 2009 and renamed it Fujitsu Technology Solutions.

Did Fujitsu sell its PC business?

Yes. In 2018 Fujitsu sold a 51% stake in Fujitsu Client Computing to Lenovo, with Development Bank of Japan taking 5%, and kept a minority holding.

Did Fujitsu sell its mobile phone business?

Yes. Fujitsu sold its Arrows smartphone business, Fujitsu Connected Technologies, to Polaris Capital Group in 2018.

Did Fujitsu sell Shinko Electric?

Yes. Fujitsu sold its stake in semiconductor-package maker Shinko Electric Industries to a consortium led by Japan Investment Corporation, with the deal completed in 2025.

How is the ICL acquisition linked to the Horizon scandal?

The Post Office Horizon system was developed by ICL Pathway in the late 1990s, so Fujitsu inherited the system and its support role through the ICL acquisition.

What companies has Fujitsu acquired?

Historically, their absolute most important acquisition was the massive 1990 buyout of International Computers Limited (ICL), the largest computer company in the UK. This massive deal made Fujitsu the second-largest computer manufacturer in the world (behind IBM), but also directly led to the catastrophic UK Horizon software scandal decades later.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.