Fujitsu New Zealand and Infinity Solutions are to merge, according to a statement released today.
Calling the move a “merger of equals”, the companies say they plan to build a stronger resource base and an improved ability to service customers.
Under the deal, which is subject to Infinity Group shareholder approval, Infinity will be merged into Fujitsu.
However this is likely to happen over a transition period of around three months, according to a Fujitsu spokesperson.
Infinity Solutions CEO Stuart Robb, who announced his resignation in August to join the New Zealand Rugby Union, will remain with the company until November.
The transaction is expected to be completed on 16 October. In a statement, Fujitsu Australia and New Zealand CEO Rod Vawdrey said the acquisition will enable the company to effectively compete in an increasingly competitive, global marketplace. “Infinity Solutions’ full end-to-end capabilities, strong private sector customer base, and extensive footprint of office locations across the country, perfectly complement Fujitsu’s existing business in New Zealand,” he says. “Our combined scale, industry knowledge and capabilities across consulting, application services and infrastructure is a solid platform for growth, providing a compelling, customer-focused alternative in a competitive market.”
Robb says being part of the world’s third largest IT services company is “not only a tremendous opportunity for our company, but is great for our employees and their professional growth.”