TOKYO -- The planned handover of Fujitsu's personal computer business to China's Lenovo Group will take a load off of the Japanese company's shoulders, yet much work remains in its move from hardware to services.
The company traveled a long and winding path to this point. Top officials at both Toshiba and Japan Industrial Partners, which formed Vaio from Sony's PC business in 2014, fumed early this year as Fujitsu abruptly balked at a three-way merger proposal. The company had been amenable to the idea until December, only to then refuse to shutter any plants and argue that the would-be partners were underestimating its assets. Toshiba and others could not win Fujitsu over, and the negotiations broke down.