Fujitsu Services wants to buy GFI Informatique, the French reseller which wants to be bought by the private equity group Apax. So it is bypassing GFI's reseller's board to appeal directly to the company's shareholders.

Yesterday, it confirmed its intention to launch a counter-offer for the company at a price of €8.50 per share and €3.15 per warrant, a premium of 19.6 per cent over GFI Informatique’s closing share price of €7.11. According to Fujitsu, the deal, which values GFI at €420m, would also be a "significant premium" on Apax's offer.

David Courtley, chief executive of Fujitsu Services said: "It has been our declared intention to grow the size of our business in continental Europe. The combination of Fujitsu Services and GFI Informatique would enable us to do this and provide both companies’ customers with a greater range of services."

In December, the company bought TDS, a German reseller, which booked revenues of €93m in 2005. ®

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• GFI says 'non' to Fujitsu bid (15 August 2007)
• Jilted Apax gets second bite at GFI Informatique (9 August 2007)
• Fujitsu Services to create 400 NI jobs (7 June 2007)
• Fujitsu wagons circle GFI Informatique (28 May 2007)
• Fujitsu threaten one redundancy (27 April 2007)
• Fujitsu Services drops IPO plan (22 March 2007)
• Fujitsu buys German reseller (11 December 2006)
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