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Fujitsu to take over Germany’s GK Software for about 432 million euros

Published by Uma Rajagopal

Posted on March 1, 2023

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TOKYO (Reuters) – Japan’s Fujitsu Ltd said on Wednesday that it will launch a takeover offer to acquire German cloud services provider GK Software SE for about 432 million euros ($460.04 million).

Under the deal, Fujitsu, which has already secured 40.65% of the shares of GK Software from the German company’s top investors, will acquire remaining shares for 190.00 euros per a share.

The takeover offer is expected to close by July 2023, Fujitsu said in a statement.

($1 = 0.9391 euros)

(Reporting by Mariko Katsumura, Editing by Louise Heavens)