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A person views a mobile device near a Fujitsu advertisement at Mobile World Congress - Global Banking & Finance Review
This image features an individual using a mobile device in front of a Fujitsu advertisement during the Mobile World Congress, highlighting Fujitsu's acquisition of GK Software SE for 432 million euros.
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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

1 min read
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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)

Frequently Asked Questions

What is an acquisition?
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
What is a takeover?
A takeover is the process by which one company takes control of another company, often through the purchase of its shares.
What is a cloud service provider?
A cloud service provider is a company that offers network services, infrastructure, or business applications in the cloud.
What is a share?
A share is a unit of ownership in a company or financial asset, representing a claim on part of the company's assets and earnings.
What is a financial statement?
A financial statement is a formal record of the financial activities and position of a business, person, or entity.

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