FUJITSU TEN LIMITED (FUJITSU TEN, Headquarters: Kobe-city, Hyogo, President:
Keijiro Katsumaru) have made FUJITSU MANUFACTURING ESPANA, S. A.(FMESA,
Headquarters: Malaga, Spain, Chairman: Yasuyuki Fujii), a joint venture
company of FUJITSU TEN and FUJITSU LIMITED (FUJITSU, Headquarters: Minato-ku,
Tokyo, President: Hiroaki Kurokawa) its subsidiary of FUJITSU TEN on April
1 through the acquisition from FUJITSU of an additional 10% of the issued
stock shares for FMESA.
As a result, the investment ratio for FMESA has become 55% for FUJITSU
TEN and 45% for FUJITSU. On the same day, the name of FMESA will be changed
to FUJITSU TEN ESPANA, S. A.
Previously, FMESA has predominantly manufactured banking terminals such
as ATMs, and automobile electronic devices and car audio units for the
European market but with the right of management acquired by FUJITSU TEN,
it is expected that the company will now concentrate on increasing their
share in the ever-growing automobile-related business sector.
FUJITSU TEN first contracted FMESA (FUJITSU ESPANA, S. A. at the time)
to manufacture car audio units in 1996 and, since then, the company has
been assigned a role as an important production base for European operations
and a supplier system was established for that same region. In order to
strengthen FUJITSU TEN 's response to the ever-growing European automobile
sector business, FUJITSU TEN first acquired 25% of FMESA stock in February
2004 and then an additional 20% in March 2005, as well as participating
in management of the Spanish company.
FUJITSU TEN ESPANA, S. A, as a joint venture between FUJITSU TEN and FUJITSU,
will continue to respond to the demands and needs of the European region.
【Overview of Spanish Production Subsidiary】
| |
Before change |
After change |
| Company Name |
FUJITSU MANUFACTURING ESPANA, S. A. |
FUJITSU TEN ESPANA, S. A |
| Investment Ratio |
FUJITSU 55％ |
FUJITSU 45％ |
| FUJITSU TEN 45％ |
FUJITSU TEN 55％ |
| Address |
Pol.Ind. Guadalhorce-Cesar Vallejo, 16 29004 Malaga, Spain |
| Business Description |
Manufacture and Sales of electronic automobile devices, car audio units,
IT-related and similar products |
| Representative |
Yasuyuki Fujii, Chairman |
| Capital Stock |
2.999 million euro (Approx. 470 million yen) (As of end of February 2007) |
| Sales |
108 million euro (Approx. 17 billion yen) (Forecast for FY2006) |
| Employees |
537 (As of end of February 2007) |
| History |
Jun. 1973 FUJITSU ESPANA established fully-funded by FUJITSU
Mar. 1996 First contracted by FUJITSU TEN to manufacture car audio units
Oct. 2002 Production division split off to form FMESA
Feb. 2004 FUJITSU TEN acquires 25% of FMESA stock
(FUJITSU TEN stockholding ratio is 25%)
Mar. 2005 FUJITSU TEN acquires an additional 20% of FMESA stock
(FUJITSU TEN stockholding ratio is 45%)
Apr. 2007 FUJITSU TEN acquires an additional 10% of FMESA stock
(FUJITSU TEN stockholding ratio is 55%) |
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The contents of a press release are as of the publication.
Later, they are apt to be changed without notice. Thank you for understanding
in advance. |
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