Fujifilm Business Equipment Shanghai Transferred

Fujifilm Business Equipment Shanghai Transferred

According to FUJIFILM Business Innovation Corp., it has agreed to transfer 100% of its equity investments in FUJIFILM Business Equipment Shanghai Corp. to EVA Precision Industrial (Weihai) Limited, a group company of EVA Group Ltd.

FUJIFILM Business Equipment Shanghai Corp. mainly manufactures mid- to low-speed multifunction devices and printers.

Based on this agreement, FUJIFILM Business Innovation (China) Corp., a wholly-owned subsidiary in China, signed an Equity Transfer Agreement with EVA Precision Industrial (Weihai) Limited on July 19, 2022.

In an effort to optimize the manufacturing structure for multifunction devices and printers, FUJIFILM Business Innovation concluded that the combination of FUJIFILM Business Equipment Shanghai’s ability to manufacture high-quality products, with EVA Group’s advanced productivity and extensive track record as a parts supplier, will generate a significant synergy in producing high-quality products at low cost. FUJIFILM Business Innovation will continue to source the multifunction devices and printers that are currently manufactured by FUJIFILM Business Equipment Shanghai, even after the transfer of equity investments.

The transfer is currently scheduled to be completed on December 1, 2022.

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