Fujitsu General acquires part of Kløver Vest Holdings AS

Fujitsu General Group has decided to acquire 67% of the issued shares of Kløver Vest Holdings AS (after this "KVH"), the parent company of ACsenteret AS (after this "ACS"), one of its European distributors.

KVH offers a one-stop service, through ACS, for customers in Norway, ranging from sales, installation, and services to maintenance of air conditioning equipment through its directly managed stores. Furthermore, the company boasts of its sophisticated technological capabilities, such as the development of its own network equipment and cloud platform. KVH has been in a cooperative relationship with Fujitsu General regarding both sales and technology, including sales of Fujitsu General products and some development on consignment. The two companies will further reinforce our relationship, developing products that capitalize on customer feedback. With this unique opportunity, Fujitsu General will also leverage KVH’s sales and technical expertise to deliver solutions to its customers.