FUJIFILM Business Innovation to acquire MicroChannel Services

Japanese tech giant FUJIFILM Business Innovation announced it will acquire Australian IT services company MicroChannel Services to grow its Global ERP systems business.

MicroChannel specialises in small to mid-sized businesses and corporate divisions, and has offices in Sydney, Melbourne, Brisbane, Perth, Auckland, and Singapore.

While the deal price was undisclosed, FUJIFILM Business Innovation is expected to have paid around $100 million for MicroChannel Services, which was founded in 1995 by CEO Harach Lucas and has 200 staff.  From March, MicroChannel will change its name to FUJIFILM MicroChannel Services.

Fujifilm Business Innovation CEO Naoki Hama said the deal propelled the company one step further toward its goal of hitting 400 billion yen ($4.3 billion AUD) in revenue by 2027.

- CyberBeat