As part of its plan to enhance the company’s presence in Japan and to strengthen its market position, Getronics announces today that it has bought the remaining 20% minority shareholding which Toshiba Solution Corporation held in its Japanese subsidiary. As a result of this cash transaction, Getronics Japan is now a wholly owned subsidiary of Getronics N.V.
Getronics Japan (then Olivetti Japan) was established in 1961. Toshiba Solution Corporation became a minority shareholder in 1985.
No financial details on the transaction will be disclosed.
About Getronics
With approximately 22,000 employees in over 30 countries and ongoing revenues of EUR 2.6 billion in 2003, Getronics is one of the world's leading providers of vendor independent Information and Communication Technology (ICT) solutions and services. Getronics today combines the capabilities of the original Dutch company with those of Wang Global, acquired in 1999, and of the systems and services division of Olivetti. Getronics is ranked second worldwide in network and desktop outsourcing and fourth worldwide in network consulting and integration (Source: IDC 2002-2003). Getronics designs, integrates and manages ICT infrastructures and business solutions for many of the world's largest global and local companies and organisations, helping them maximise the value of their information technology investments. Getronics’ headquarters are in Amsterdam, with regional offices in Boston, Madrid and Singapore. Getronics’ shares are traded on Euronext Amsterdam ("GTN"). For further information about Getronics, visit www.getronics.com