Add-on Acquisition • Information Technology

Fujitsu Acquires Innovation Consulting Services

On September 4, 2023, Fujitsu acquired information technology company Innovation Consulting Services

Acquisition Context
  • This is Fujitsu’s 5th transaction in the Information Technology sector.
  • This is Fujitsu’s 1st transaction in Thailand.

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M&A Deal Summary

Date September 4, 2023
Target Innovation Consulting Services
Sector Information Technology
Buyer(s) Fujitsu
Deal Type Add-on Acquisition

Target Company

Innovation Consulting Services

Bangkok, Thailand
Innovation Consulting Services (ICS) provides IT consulting services in areas of ERP, HRMS, SCM, Data Warehouse, and Application Development. Innovation Consulting Services was formed in 2002 and is based in Bangkok, Thailand.
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Buyer Overview 1

Buyer

Fujitsu

Tokyo, Japan

Category Company
Founded 1923
Sector Communications
Employees112,743
Revenue 3.55T JPY (2025)
DESCRIPTION

Fujitsu is an information and communication technology (ICT) company offering a full range of technology products, solutions and services. Fujitsu was incorporated in 1923 and is based in Tokyo, Japan.


Deal Context for Buyer #
Overall 13 of 14
Sector: Information Technology 5 of 5
Type: Add-on Acquisition 12 of 13
Country: Thailand 1 of 1
Year: 2023 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-21 InPhySec

Wellington, New Zealand

InPhySec is a cyber security consultancy and managed security provider that offers relevant and appropriate advice and solutions that are proportional to clients’ requirements. InPhySec is based in Wellington, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 MF & Associates

Canberra, Australia

MF & Associates provide a customized and client-centric approach for each engagement. MF & Associates was founded in 2019 and is based in Canberra, Australia.

Buy -