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Business deals

Fujitsu to sell scanner business to Ricoh for $625m

Japanese company to divest 80% of unit to focus on software development

Fujitsu is selling 80% of its imaging business to Ricoh to focus on software development in response to strong demand for digitization of business processes. (Source photo by Reuters and Kaisuke Ota)

TOKYO -- Japanese IT services company Fujitsu is selling its scanner business to office equipment maker Ricoh for about 80 billion yen ($625 million) as it shifts its focus to software development, Nikkei has learned.

Fujitsu will sell an 80% stake in its wholly owned subsidiary, Ishikawa-based PFU, a major business scanner manufacturer. Ricoh plans to build a service combining office equipment and image data processing by incorporating PFU's products.

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