Fujitsu Australia has purchased the remaining 33 per cent of Logical Solutions, completing a process it started three years ago when it purchased 67 per cent of that company.
Logical Solutions managing director Robin Dixon says he is happy with the decision, given that Fujitsu has allowed Logical to operate as an autonomous business since the original purchase. In that time, Logical has moved from being an Apple reseller to one supplying and integrating products from a number of vendors - not just Fujitsu. "It's affirmation of our direction from Fujitsu, and their confidence in the way we're heading and what we've done," Dixon said.
Fujitsu Australia's managing director Neville Roach says the move endorses his company's satisfaction with the growth and direction of Logical. "We've taken this additional step because we now feel confident that the staff here have trust and confidence in Fujitsu. Fujitsu has trust and confidence in Logical, and Logical's suppliers have confidence in the arrangement. It's really a situation where there were no negatives and everyone involved was very positive," he said. "Logical has returned a profit in all the time that we have been investors. And the business has grown, and given us a significant strategic advantage as a group."
Roach says Fujitsu will now be able to work more closely with Logical, without the encumbrance of minority shareholders, and joins the ranks of Southmark Computer Systems as a fully owned Fujitsu subsidiary. Roach says the two companies will be able to enjoy certain economies of scale, such as sharing integration centres around the country, while continuing to act as separate businesses. He says Fujitsu is unlikely to add any other companies to its portfolio in the near future.