As part of its plan to enhance the company’s presence in Japan and to strengthen its market position, Getronics announces today that it has bought the remaining 20% minority shareholding which Toshiba Solution Corporation held in its Japanese subsidiary. As a result of this cash transaction, Getronics Japan is now a wholly owned subsidiary of Getronics N.V.

Getronics Japan (then Olivetti Japan) was established in 1961. Toshiba Solution Corporation became a minority shareholder in 1985.

No financial details on the transaction will be disclosed