United Kingdom, 2005-Dec-21
Siemens has sold the Product Related Services (PRS) unit of Siemens Business Services (SBS) to Fujitsu Siemens Computers BV, effective 1 April 2006. A contract governing the sale has been signed today. Financial details were not disclosed. With this sale, Siemens is implementing the reorientation of its IT subsidiary that it had announced some time ago. SBS will now focus fully on IT services in the outsourcing market and those for innovative IT projects. The transaction is subject to the approval of antitrust authorities.
In PRS, SBS is selling a unit with some 5,000 employees worldwide, including 650 in the UK and Ireland, and sales of about 1.3 billion euros in the past fiscal year (September 30, 2005). At Fujitsu Siemens Computers, PRS will be integrated as a whole and form the core of a new service unit.
Following the sale of PRS, SBS will concentrate on the two areas Operation Related Services and Solutions. These areas form the heart of the Group, accounting for more than three-fourths of SBS’ revenues of about 5.4 billion euros in fiscal 2005.
“We are pleased to have found the right partner for our Product Related Services unit. Fujitsu Siemens Computers is eager to lastingly strengthen its portfolio in this area and has clearly defined this as a strategic objective,” said Dr. Klaus Kleinfeld, President and CEO of Siemens AG.
In acquiring PRS, he noted, Fujitsu Siemens Computers is following the trend in the IT product business of offering hardware and related services from a single source. Kleinfeld continued, “SBS will now focus completely on restructuring and developing its core business.” In the future SBS will cooperate with Fujitsu Siemens Computers or other partners to offer product-related services as a part of its outsourcing and solutions projects, he said.
Notes to editors
Fujitsu Siemens Computers is the leading European IT provider with a strategic focus on next-generation Mobility and Dynamic Data Center products, services and solutions.
With a portfolio of exceptional depth, our offering extends from handhelds through desktops to enterprise-class IT infrastructure solutions. Fujitsu Siemens Computers has a presence in all key markets across Europe, the Middle East and Africa.
Leveraging the strengths, innovation and global reach of our joint shareholders, Fujitsu Limited and Siemens AG, we make sure we meet the needs of customers: large corporations, small and medium enterprises and private users.
About Siemens in the UK
Siemens was established in the United Kingdom 162 years ago. The company employs 21,122 people in the UK, including about 5,000 in the manufacturing sector. With annual revenues of £3 billion, including exports of almost £500 million, Siemens provides innovative, high-quality services and solutions to customers in a diverse range of industry sectors comprising: power, automation and control, information and communication, medical, transportation, lighting, and household.
Siemens has offices and factories throughout the UK, with its headquarters in Bracknell, Berkshire. The company’s global headquarters is in Munich, Germany.
Further information
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Mr. Amy M.K. Flécher
Senior Director Communications
Fujitsu Siemens Computers:
Tel: + 49 (0) 89 3222 4460
Mobile :+ 49 (0) 171 86 50 101
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