Japan – Outsourcing partners with Fujitsu to launch joint venture

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Japanese staffing firm Outsourcing Inc. announced that its subsidiary Outsourcing Technology and Fujitsu, Japan-based multinational IT services company, have jointly established a new company named Fujitsu General OS Technology Limited.

The investment ratio for the joint venture will see a 60% investment for Fujitsu and 40% for Outsourcing Technology.

Outsourcing Technology’s service offering includes engineer dispatch services and recruitment for roles in technology.

The new joint venture’s major business will focus on systems and software development, contract works, and dispatching services, for restaurant, medical care, agriculture and other industries.

In a joint statement, Outsourcing and Fujitsu stated, “Both companies will jointly establish Fujitsu General OS Technology Limited, and Fujitsu intends to make a simple absorption-type company split by which Fujitsu General OS Technology Limited will succeed in all the rights and obligations regarding the information and communication systems business aimed at private-sector demand.”

According to Outsourcing, the impact from this joint venture on consolidated financial results for the fiscal year ending 31 December 2019 is negligible.

Source:: http://www2.staffingindustry.com/row/Editorial/Daily-News/Japan-Outsourcing-partners-with-Fujitsu-to-launch-joint-venture-49409

      

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