Fujitsu to Buy Out Siemens

TOKYO and MUNICH -- Fujitsu Limited and Siemens AG announced today that Fujitsu will acquire Siemens's 50% share in their joint venture Fujitsu Siemens Computers(Holding) B.V., effective April 1, 2009subject to the approval of relevant government agencies.

Fujitsu Siemens Computers was established on October 1, 1999 as a 50-50 joint venture based in Maarssen, The Netherlands. In just a decade, the company has established a leading position in the EMEA market for IT infrastructure, earning a reputation for quality and innovation in the server, PC, and data storage fields.Responding to the needs of its customers, Fujitsu Siemens Computers has also rapidly expanded its infrastructure services business to deliver a full range of innovative IT solutions.

"Fully integrating Fujitsu Siemens Computers into the Fujitsu Group fits perfectly into our global growth strategy," said Kuniaki Nozoe, president of Fujitsu. "We're inheriting a strong customer base in EMEA and an R&D capability that can support our global products development--not to mention a tremendously talented group of employees who share our values and commitment to grow with our customers as their trusted business partner."

Fujitsu Ltd. (Tokyo: 6702; London: FUJ; OTC: FJTSY)

Siemens AG (NYSE: SI; Frankfurt: SIE)Fujitsu Siemens Computers