Press Information
MITSUBISHI HEAVY INDUSTRIES AND FUJI XEROX AGREE ON COMPREHENSIVE TIE-UP IN DOCUMENT SERVICES BUSINESS
SHARE
TOKYO, October 3, 2013 - Mitsubishi Heavy Industries, Ltd. (MHI) and Fuji Xerox Co., Ltd. have reached an agreement on comprehensive business alliance in document services to build a printing environment and optimize the document services operations in the MHI group. MHI is to establish a spin-off company by splitting the document-related business of its consolidated subsidiary, RYOIN Co., Ltd. Fuji Xerox will acquire shares of the newly established company and take over the business concerned from RYOIN.
As one of the measures under its mid-term business plan, MHI is promoting corporate reform and streamlining. By jointly establishing the new company with Fuji Xerox, which will provide optimal services to the company, MHI aims to boost efficiency in its document-related operations and achieve a drastic cut back on cost.
Further details including the name of the new company and its management setup will be announced separately.
Companies concerned:
Mitsubishi Heavy Industries, Co., Ltd.
President: Shunichi Miyanaga
Headquarters: Minato-ku, Tokyo
Fuji Xerox Co., Ltd.
President: Tadahito Yamamoto
Headquarters: Minato-ku, Tokyo
Overview of the new company
1. Name: TBD
2. Address: TBD
3. Capital: TBD
4. Shareholder status: Fuji Xerox Co., Ltd.: 80%
Mitsubishi Heavy Industries, Ltd.: 20%
5. Date of establishment: April 1, 2014 (scheduled)
6. Representative: TBD
7. Business description: Document-related business including print and copy services
Media contacts:
Tomoaki Yamaguchi
Public Relations Group, Corporate Communication Department
Mitsubishi Heavy Industries, Co., Ltd.
TEL: +81-3-6716-2168
Address: 2-16-5 Konan, Minato-ku, Tokyo 108-8215
Shungo Moriya
PR Group, Corporate Communications
Fuji Xerox, Co., Ltd.
TEL: +81-3-6271-5120
Address: 9-7-3 Akasaka, Minato-ku, Tokyo 107-0052
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.