Fuji Xerox Acquires Australian IT Firm CSG

Tokyo, Feb. 20 (Jiji Press)–Japan’s Fuji Xerox Co. said Thursday it has acquired Australian office information technology firm CSG Ltd. for 10.3 billion yen through a subsidiary.

Singapore unit Fuji Xerox Asia Pacific Pte. made CSG a wholly owned subsidiary, said Fuji Xerox, under the wing of office and medical equipment maker Fujifilm Holdings Corp. <4901>.

The acquisition is expected to have little impact on Fuji Xerox’s earnings for the year through March.

With the acquisition, CSG has become a privately held company.

Fuji Xerox Asia Pacific aims to expand sales of printing equipment for small and midsize companies in Oceania.

[Copyright The Jiji Press, Ltd.]

Xerox Reportedly Seeks to Woo HP Shareholders with Dinner at Greenwich Restaurant