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Announced

Fujitsu to acquire GK Software for €432m.

Synopsis

Fujitsu, a technology company, agreed to acquire GK Software, a cloud services provider, for €432m ($458m). "I welcome Fujitsu's offer and am pleased that GK's growth story will continue as part of one of the largest IT companies in the world. It was very important to Stephan Kronmüller and me to find a strategic partner for the company we founded, who will continue to develop GK and who fits with GK’s strategy and its employees. I am therefore convinced that this is the right step for the development and growth of the company and am tendering all my shares into the offer. In doing so, I would also like to give all shareholders a signal of confidence in Fujitsu's offer. I am very much looking forward to a new chapter in the history of the company that we founded together in 1990,” Rainer Gläß, GK Software CEO.

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