Fuji Xerox and Xerox to combine to become a new Fuji Xerox
Fujifilm to own 50.1% of the combined company
-Accelerates growth as a world-leading Document Solution Company-
January 31, 2018
FUJIFILM Holdings
FUJIFILM Holdings Corporation (President: Kenji Sukeno, “Fujifilm”) announced today that the company and Xerox Corporation (CEO: Jeff Jacobson, NYSE :XRX, “Xerox”) have entered into a definitive agreement to combine Fuji Xerox Co., Ltd. (President: Hiroshi Kurihara, “Fuji Xerox”) and Xerox. Fujifilm will own 50.1% stake of the combined company. This transaction has been unanimously approved by the Board of Directors of Fujifilm and Xerox on January 31st, and January 30th respectively.
The history of cooperation between Fuji Xerox and Xerox
Founded in 1962, Fuji Xerox is a leading Document Solution Company, and is currently a 75-25 joint venture between Fujifilm and Xerox. Fujifilm and Xerox have fostered an exceptional partnership through the existing Fuji Xerox joint venture for the past 56 years and have deepened their mutual cooperation in technology and other areas, building a relationship of trust. Fuji Xerox is known as one of the most successful cross-border joint ventures. This transaction is the optimal conclusion for both Fujifilm and Xerox, reached after evaluating various options to enhance the corporate value, and is expected to deliver significant synergies. Fuji Xerox operates mainly in Japan and the Asia Pacific, while Xerox focuses on the U.S. and European markets. Fuji Xerox and Xerox revolutionized office work with Xerography, and have been offering a wide range of products and services to support customers in communications and promoting value creation.
