Fujitsu/Kaz: A new force in government ICT markets

Following discussions that continued for more than 12 months, Telstra today announced it had finalized sale of its IT services arm, Kaz Group, to Fujitsu for $200 million.

Telstra acquired Kaz for $333 million in 2004, but since then has sold off several components of the business.

Kaz had been on the market for some time, with Fujitsu apparently the only serious bidder. Early in 2008, rumours were rife that Fujitsu was about to acquire Kaz, but the parties could not agree on price.

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