- Fujitsu will hold 40% proprietorship stake while Fanuc will capture 30% stake in DUCNET Co. Ltd.
- The new establishment will commence its operations from November 2020.
In a recent turn of events, Tokyo-based multinational IT equipment and services company, Fujitsu Limited has reportedly announced a joint venture initiative with NTT Corporation (Nippon Telegraph and Telephone Corporation) and FANUC Corp. in order to establish a cloud computing service provider DUCNET Co. Ltd.
Sources aware of the development claimed that the three companies intend to digitize factories through their revamped cloud computing solutions, primarily in the machine tool industry as well as the manufacturing vertical.
It is to be noted that, the three organizations had previously launched the Digital Utility Cloud in September 2019, a service platform aimed at accelerating digital experience in the manufacturing industry by streamlining operations and improving customer services.
It appears that this venture essentially drove the three companies towards establishing a new venture to introduce DUCNET, sources claimed.
DUCNET will contribute towards reinforcing the manufacturing capabilities of the companies that use Digital Utility Cloud in order to accelerate the development of a service-oriented business model.
According to credible sources, the new establishment, will commence its operations from November 2020. Fujitsu will hold 40% proprietorship stake while Fanuc will capture 30% stake in DUCNET Co. Ltd.
In hindsight of the COVID-19 pandemic, the companies reportedly recognized the imperativeness of manufacturers to strengthen their presence in the markets, cited sources with relevant information.
About FANUC Corp
Japan-based FANUC Corp. is a manufacturing company that specializes in providing factory automation (FA) machinery. The product offerings also include computerized numerically controlled equipment (CNC), wire-cut electric discharge machines, industrial robots, laser systems, and servo motors.
Source credits: https://in.reuters.com/article/fujitsu-fanuc/fujitsu-fanuc-ntt-unit-to-set-up-cloud-jv-to-digitise-factory-floors-idINKBN26S05T
Pranali Mehta
A chemical engineer by qualification, Pranali Mehta dutifully walked down the slated path and worked in a chemical firm for a year. Her passion for writing however, pushed her into experimenting with the same as a career. With over three years of experience in content writRead more...