The Channel logo

News

By | Team Register 8th October 2007 23:07

Fujitsu to buy Swedish reseller

Mandator

Fujitsu Services is buying Mandator, the Swedish reseller, for $78m in cash - roughly one times annual revenues. The price, three Swedish crowns per share, represents a 30 per cent premium on Mandator's stock price in the ten days before the offer was announced.

The offer is recommended by Mandator's board of directors - which means that, barring any road crashes, Fujitsu has this deal in the bag. With Mandator under its belt, Fujitsu Services will be the sixth biggest computer services business in Sweden.

Mandator 2006 revenues were SEK 493 million ($75.5m). Customers include Ericsson, Sandvik, Volvo Car, Symbian and Tele2. The company employs about 560 people, with 390 based in Sweden, 100 in Estonia, and the rest in Denmark and the UK. Fujitsu's spells out the offer here. ®

alert Send corrections

Opinion

Ship scrapyard photo via Shutterstock
Windows 10 Universal Apps
Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July

Features

Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away
Time to pull out the magnifying glass to swot up on those Ts&Cs
Android icon desktop toys
Nice devices, now speak 'enterprise' to me