NYK takes full control of maritime IT firm YJK, buying Fujitsu's 51% stake
What's the deal? Nippon Yusen Kaisha (NYK)Dealroom has a profile for this one. Try Dealroom → is acquiring FujitsuDealroom has a profile for this one. Try Dealroom →'s 51% stake in YJK Solutions, taking full control of the Tokyo-based maritime IT company. NYKDealroom has a profile for this one. Try Dealroom → already owns the remaining 49% and will make YJK a wholly owned subsidiary once the deal completes on October 1.
What does YJK do? The company develops, operates, and maintains IT systems that support shipping, ports, and logistics. It also provides IT engineering, software development, network infrastructure, and computer system management services.
What's the endgame? NYK said bringing YJK fully in-house will let it align group IT strategy more closely with system development and operational capabilities. It is also considering merging YJK with NYK Business SystemsDealroom has a profile for this one. Try Dealroom →, the unit currently running the group's IT operations.
The signal: The buyout is part of a wider push by NYK to centralise and optimise its technology functions, folding a specialist software partner directly into the shipping major as maritime firms deepen their in-house digital capabilities.
Read more: splash247.com
Image credit: jdnx
