Buys GK Software and intends to put 1,600 new people on staff – some of them oldies
Japanese IT services giant Fujitsu announced on Wednesday that not only does it plan to hire 1,600 employees, it is also acquiring German software-for-retailers provider GK Software to grow its cloud and software-as-a-service business.
Fujitsu already owned 40 percent of GK Software and will pay $460 million to scoop the rest. The takeover is expected to complete in July of this year.
Fujitsu explained [PDF] that the acquisition «will allow GK to continue to thrive in the cloud services for retail space and to better serve its customers.»
Germany-based GK Software has plans to expand internationally in Japan, Asia, the Americas and Europe, and its Japanese owner has no intention of changing those plans – nor of moving its HQ from the city of Schoeneck. Fujitsu will also provide it with access to AI and high performance computing tech.
