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Fujitsu to launch series of 'large-scale' acquisitions overseas

Individual purchases to be north of $100m, says CFO

Fujitsu drew up a five-year plan to spend on growth, but it has used less than half of the earmarked amount in the first three years.   © Reuters

TOKYO -- Fujitsu plans to engage in a succession of overseas purchases each worth over $100 million, its chief financial officer said, as the Japanese technology group seeks to expand its presence in the international tech solutions industry.

"We'll engage in mergers and acquisitions in the lower tens of billions of yen range," said Takeshi Isobe, the CFO. Ten billion yen is roughly $75 million.

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