The Channel logo


By | John Oates 11th December 2006 14:28

Fujitsu buys German reseller

Snaps up TDS

Fujitsu Services is taking a majority stake in German reseller TDS AG.

Fujitsu will pay General Atlantic Partners for its 74 per cent share in the company. Fujitsu will pay €2.8 per share for the firm - 14 per cent higher than they were trading at close on Friday.

Other shareholders are also selling out, so Fujitsu should end up with a 79.1 per cent stake in TDS. Regulators still need to approve the deal.

The directors of TDS welcomed the take-over approach.

Winfried Holz, CEO at Fujitsu Services GmbH, welcomed the deal and 700 new staff which he said would help with the firm's "ambitious growth plans across Europe".

TDS employs 720 people and turned over €93m in 2005 - the vast majority of it in Germany. It has a market cap of just over €29m. It specialises in consulting and human resources services for medium-sized firms in Austria, Germany, and Switzerland.

TDS is also known for selling an HR and accounting package for charities, church groups, and not-for-profits.

More from TDS here. ®

alert Send corrections


George Osborne, photo: HM Treasury
shutterstock_183801788_container ship

Chris Mellor

The SAN growth glory days are well and truly over, so where next?

Tom Whipp

Insurance industry insider tells all
Crypto fingers


Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire
The Seeing Eye by Valerie Everett, Flickr, CC2.0
Follow the money – or, at least, our projections
Boats storm girl photo via Nikolina Mrakovic
The puppets from Team America: World Police gather at a bar for drinks.