Story image

Hitachi announces the conclusion of company split agreement

07 Feb 2019

Hitachi, announced on October 25, 2018, that Hitachi Industrial Products, a newly established company, will succeed to the Industrial Products Business Unit that operates the business of large-sized industrial equipment through an absorption-type split to strengthen the product business.

Having concluded the absorption-type company split agreement, Hitachi has announced matters as follows, some of which had not yet been decided in the news release on October 25, 2018. 

The matters which have been decided in the Company Split Agreement and changes since the previous news release are underlined.

Hitachi Industrial Products, which will succeed to Hitachi's businesses of large-sized industrial equipment, will conduct businesses from development and manufacture to sales and maintenance services of high-pressure motors, inverters, pumps and compressors. 

The capital of Hitachi Industrial Products will be 10 billion yen and the consolidated revenue scale will be approximately 150 billion yen.

Keizo Kobayashi, who is currently CEO of Industrial Products Business Unit of Hitachi will lead Hitachi Industrial Products as President. 

Hitachi Industrial Products will seek to achieve a flexible business operation as independent operating companies and strengthen manufacturing with nine consolidated affiliates and approximately 4,600 employees. 

Overview: 

Hitachi states that the company split will have no impact on the consolidated operating results. 

Telco central offices are being transformed into the edge
Schneider Electric's Steven Carlini discusses how the old central offices are now ideal to enable the telco edge.
Pliops raises US$30m to ‘transform’ data centre infrastructure
With backing including the likes of Intel and SoftBank Ventures Asia, the company intends to expand its operations in the US, China, and Israel.
Fujitsu building massive supercomputer for the University of Tokyo
The new supercomputer delivering 6.6 petaflops will support research in a wide range of fields.
Intel and Rakuten partner to address 5G network gap
“We believe this full end-to-end virtualised network will help us to shift away from reliance on dedicated hardware and legacy infrastructure.”
Data centre liquid cooling market set to skyrocket
The industry is set to benefit from a number of factors, with a number of vendors leading the way in innovation.
Alibaba Cloud’s growth in Indonesia to bring new opportunities
Last month Alibaba Cloud celebrated the launch of its second data centre in Indonesia, and IDC says this growth will benefit the entire country.
Q&A: Aruba manager on imminent data centre challenges
Aruba's Alessandro Bruschini shares his thoughts on booming demand for data centres and the growing obstacles bolstered by regulation and energy efficiency requirements.
Interview: Next steps needed in data centre energy efficiency
SPIE UK's Peter Westwood shares what needs to be done to make the vision of a data-driven world more sustainable.