Exclusive financial advisor to Fujitsu America, Inc.
KPMG Corporate Finance LLC acted as the exclusive financial advisor to Fujitsu America, Inc.
FAI is a U.S. subsidiary of Fujitsu Limited, a leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services and generating over $35 billion in revenue globally. Approximately 140,000 Fujitsu people support customers in more than 100 countries. The FAI TMS business provides mission-critical end-to-end multivendor maintenance services to clients in connection with their IT hardware, including servers, storage, POS terminals, and PC equipment, across various end markets in the U.S. and Canada. The TMS business manages not just Fujitsu hardware, but also the third-party hardware that is deployed at client or third party locations.
FAI sought to outsource TMS as part of its efforts to focus exclusively on core digital transformation services in North America. It reached an agreement with Tech Data, which will become the sole outsource service provider of FAI’s existing TMS business, including multi-vendor Retail Managed Services and Product Related Services. More than 300 service and support professionals from the TMS workforce joined Tech Data.
Tech Data connects the world with the power of technology. Its end-to-end portfolio of products, services and solutions, highly specialized skills, and expertise in next-generation technologies enables its partners to bring to market the products and solutions the world needs to connect, grow and advance. Tech Data’s Global Lifecycle Management (GLM) business unit is a provider of specialized solutions that gives technology companies the freedom to focus on the road ahead by providing end-to-end product and customer lifecycle management services.
Yoshihiro Nishi, president and CEO, Fujitsu America, Inc. added, “We had two guiding objectives when entering this agreement: To find a great company to care for our employees and to secure a great partner to care for our clients. I am delighted we met both objectives. We chose Tech Data because of the company’s exceptional capabilities, reputation and values, which are similar to ours.”
KPMG Corporate Finance acted as the exclusive financial advisor to FAI. KPMG Corporate Finance was selected by the Company due its knowledge of the IT maintenance services business, carve-out transaction experience, and KPMG’s global relationship with Fujitsu. KPMG Corporate Finance worked closely with the FAI executive management team throughout the process, including providing advisory expertise and managing the negotiation and due diligence phases of the transaction.
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