ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) and ITOCHU Techno-Solutions Corporation (headquartered in Chiyoda-ku, Tokyo; Satoshi Kikuchi, President & CEO; hereinafter "CTC") announced today that they have agreed to acquire a 100% stake in CSC ESI Sdn Bhd of Malaysia (hereinafter “CSC ESI") and CSC Automated Pte. Ltd. of Singapore (hereinafter “CSC Automated"), which are affiliated with Computer Sciences Corporation (hereinafter “CSC"), a major IT service provider in the United States. An agreement for the acquisition, for a total of 90 million U.S. dollars, has been concluded.

CSC ESI and CSC Automated are large and established businesses that operate locally in Malaysia and Singapore, respectively. In addition to boasting good customer bases, including financial institutions, manufacturers, and government agencies, these companies deal with a wide array of products from major IT manufacturers in North America and have strength in the development of IT infrastructure and the provision of maintenance services. The businesses have much in common with CTC's business models in Japan. By acquiring the two companies, ITOCHU and CTC will expand their business in the field of telecommunications, in which CTC has strength in Japan, and provide corporate clients based in Southeast Asia with the same level of service as that offered in Japan.

ITOCHU places emphasis on Southeast Asia as a growth market in the information and communication field. By acquiring CSC ESI and CSC Automated, ITOCHU will combine the business bases of the two companies with its related domestic and overseas businesses and various networks so as to expand its IT service businesses across the region. ITOCHU will use these activities as opportunities to achieve overseas expansion of its functions as a company that excels at creating new added value by combining diverse function providers in the IT industry (including product manufacturers, system service providers, and cloud service providers) in a variety of ways to serve individual needs.

Outline of CSC ESI (Malaysia)

Outline of CSC Automated (Singapore)