New OEM opportunities in global market for Fujifilm-owned Fuji Xerox

Fujifilm’s buy-out of Fuji Xerox will help the company to capture new OEM opportunities in the global market.

The deal saw Xerox selling its 25 percent stake in Fuji-Xerox to Fujifilm for $2.3 billion, and was unanimously approved by the Boards of Directors of Fujifilm and Xerox last week.

The transaction means that Fujifilm’s has 100% ownership of Fuji Xerox and will see Fuji Xerox operate as a wholly owned subsidiary of Fujifilm. The company will continue to supply to Xerox after completion of the transaction.

“This transaction is an ideal next step for Fuji Xerox and Fujifilm that we believe serves our stakeholders well and reflects our commitment to create innovative products that contribute to society,” said Shigetaka Komori, Chairman and Chief Executive Officer of Fujifilm.

“Fuji Xerox has now become a lean and strong company after a series of reforms we started in 2018, and I am confident that with this initiative it will be even stronger.”

He continued, “Full ownership of Fuji Xerox will facilitate faster decision making in a rapidly changing business environment. At the same time, Fuji Xerox will be able to further strengthen its business by capturing new OEM opportunities in the global market, leveraging our world-leading product development and manufacturing capabilities. We are excited to start a new chapter for Fujifilm and Fuji Xerox.”

As part of the transaction, Fujifilm has agreed to withdraw litigation it filed against Xerox on June 18th, 2018 claiming damages caused by the unilateral cancellation of the definitive agreement between the two companies.