Fujifilm Holdings Corp. (Tokyo) announced an agreement with its subsidiary Fuji Xerox Co., Ltd. and Xerox Corp. that Xerox will make Fuji Xerox a wholly-owned subsidiary, and that Fujifulm Holdings Corp. will own 50.1% of the shares of Xerox, making Fuji Xerox a wholly-owned subsidiary.
The new Fuji Xerox will become the largest document solutions company in the world in revenue size, and by deploying its operations worldwide with a uniform management strategy, Fuji Xerox will realize further acceleration of business growth and new value creation for customers. In addition to its size, Fuji Xerox will also have management resources such as high-value brands and the cutting-edge technology and excellent human resources that support those brands, as well as global marketing power and a superior customer base.
For more information, visit FujiXerox.com.