DXC Technology Japan Supports Longreach Group's Proposal for Acquisition of Japan Systems
DXC and Japan Systems continue their 30-year partnership
Tokyo, Japan December 24, 2020-DXC Technology Japan Co., Ltd. (DXC Japan), a subsidiary of DXC Technology (New York Stock Exchange (NYSE) registered name: DXC) (hereinafter DXC), is an institutional investor today. Announced that it will support the acquisition proposal of Japan Systems Co., Ltd. (hereinafter, Japan Systems) by a company established by Longreach Group (hereinafter, Longreach), a private equity fund by the New York Stock Exchange. DXC is a major shareholder of Japan Systems, which is listed on the Tokyo Stock Exchange, and holds approximately 54% of the voting rights. DXC has signed an exclusive agreement to support the acquisition of Japan Systems by Longreach by arranging the sale of all of Japan Systems' shares held as subsidiary shares.
"We fully support Longreach's offer to acquire Japan Systems. This strategic decision will bring the greatest benefit to DXC's employees, customers and partners, as well as DXC. I think. ”Nozomi Nishikawa, President and CEO of DXC Japan, said: "Japan System provides professional services onshore to customers based in Japan, such as local governments and domestic system integrators. Longreach has succeeded in acquiring a business in Japan through its growth support and investment. With a wealth of experience, the independent Japan System and its employees will open a new chapter in growth with the help of Longreach. "
"DXC will continue to invest in the Japanese market, leverage its global service delivery capabilities to contribute to Japanese customers and employees, and strengthen its presence." New DXC "is analytics, engineering and applications. Focuses on deploying enterprise technology stacks such as cloud and security, modern workplaces, and IT outsourcing to provide solutions to customers around the world. For DXC, Japanese customers and employees are transforming. DXC and Japan Systems have different areas of strategic focus, and this acquisition proposal reaffirms our strategy. Both DXC and Japan Systems are targeted. It will be possible to achieve growth while taking advantage of each feature in the market and service provision model. "
DXC has been in partnership with Japan Systems for 30 years. We would like to continue this relationship even after the initiative shifts to long reach. In addition, to reflect DXC's continued involvement in Japan Systems, DXC-related pension funds will become a passive minority shareholder through a joint investment fund managed by Longreach upon the acquisition of Japan Systems by Longreach.
DXC Technology (NYSE: DXC) supports mission-critical systems and spreads globally while modernizing IT environments, optimizing data architectures, and delivering scalability and security across public, private, and hybrid clouds. We support your business. With decades of innovation, DXC has deployed an enterprise technology stack that has earned the trust of customers from the world's leading companies to tackle challenges such as competitiveness, operational performance and customer experience value. .. Visit www.dxc.com to learn more about DXC's stories and customer, employee, and business initiatives. For more information about DXC Technology in Japan, please visit www.dxc.com/jp.
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