Fujitsu Sells Scanner Business To Ricoh For $866M
Japanese tech company Fujitsu is selling its scanner arm to office equipment maker Ricoh for 80 billion yen (A$866 million).
Fujitsu will offload 80 per cent of its PFU subsidiary to Ricoh, who plan to combine office equipment and image data processing for a new service.
PFU’s net profit dropped 34 per cent in the financial year ended March 2021, due to the impact of COVID-19.
Fujitsu will further turn its focus towards software development, according to Nikkei Asia, who first broke the story. It has been selling various hardware divisions since 2015, shedding its PC business, as well as its mobile phone arm.