Fujitsu Services to increase staff following S&T takeover

Austrian IT company S&T is to take over Fujitsu Services’ Polish branch, the company announced yesterday. According to Małgorzata Bulanda of Fujitsu Services, S&T AG and Fujitsu are putting the final touches to a deal and have already reached consensus on the details of the agreement. Fo llowing the takeover, the group will increase its workforce by 300 (140 of them in Poland) and its revenues are expected to grow by an additional €30 million by the end of 2003. Commenting on the transaction, the head of Fujitsu Services Tim Escudier said, "For some time our strategy has focused on key markets and on forging closer links with our partners. We have decided to divide part of our business in Central and Eastern Europe and hand it over to a strong partner, in this case S&T". Vienna bours e-listed S&T has already taken over Fujitsu Services' branches in the Czech Republic, Hungary, Slovakia, Romania, Greece and Malta. (Puls Biznesu, p. 9; www.onet.pl) J.K.