Munich - German electronics company Siemens AG Tuesday finalized plans to quit computer producer Fujitsu Siemens Computers.

Joint venture partner Fujitsu will take over Siemens' 50-per-cent share for a price of 450 million euros (567 million dollars), the company formally announced.

Fujitsu Siemens Computers was founded in 1999 to integrate the firms9 personal computer and server businesses in Europe. The joint-venture contract was due to run out next year.

Fujitsu Siemens, with some 10,000 employees as of April 2008, earned 105 million euros in profits before tax in the last financial year, on revenues of 6.6 billion euros.

Fujitsu is expected to focus its business following the acquisition on server services to companies rather than personal computers. (dpa)