Home > IR Library > Business and Management Initiatives > Power & Industrial Systems
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Power Systems
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Industrial Systems
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Urban Planning and Development Systems
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Automotive Systems
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Construction Machinery
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Other
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Statements made on this website may contain forward-looking information which reflect the management's views at the time the information was made with respect to future events and financial performance. Such forward-looking information involves assumptions of future events as well as risks and uncertainties that could significantly affect expected results. These risks and uncertainties are discussed in the Company's SEC filings, including but not limited to, certain sections of the Company's annual report on Form 20-F. A summary of the specific risks and uncertainties relevant to the Company's business is set forth on the Company's Cautionary Statement.
Power Systems
- 1. Hitachi, Ltd. and GE signed a formation agreement on the establishment of new cross shareholding companies based on Novenber 2006 letter of intent to create a strategic global alliance for nuclear power business (May 2007).
- 2. Babcock-Hitachi acquired the boiler business from Babcock Borsig AG , and established Babcock-Hitachi Europe GmbH, which was renamed as Hitachi Power Europe GmbH (April, 2006).
- 3. Hitachi (China) Ltd. made Dalian Hitachi Baoyuan Machinery & Equipment Co., Ltd. a wholly owned subsidiary, and renamed it Dalian Hitachi Machinery & Equipment Co., Ltd. (June 2006).
Industrial Systems
- 1. Hitachi Plant Engineering & Construction Co., Ltd. merged with Hitachi Kiden Kogyo Ltd., Hitachi Industries Co., Ltd. and related part of Hitachi, Ltd.'s Industrial Systems Group to strengthen social and industrial infrastructure systems business and renamed Hitachi Plant Technologies, Ltd. (April 2006).
- 2. Hitachi transferred all its shares of Hitachi Oxygen Co., Ltd. to TAIYO NIPPON SANSO CORPORATION (March 2006).
Urban Planning and Development Systems
- 1. Hitachi established “Hitachi Elevator (Shanghai) Co., Ltd.” to strengthen elevators and escalators business in China (February 2007).
- 2. Hitachi took ownership of Siam-Hitachi Elevator Co., Ltd. and Bangkok-Hitachi Elevator Service Co., Ltd. to strengthen elevators and escalators business in Southeast Asia (June 2005).
- 3. Hitachi took ownership of Guangzhou Hitachi Elevator Co., Ltd. to strengthen elevators and escalators business in China (July 2004).
Automotive Systems
- 1. Hitachi transfered Xanavi Informatics Corporration shares to Clarion Co., Ltd. (January 2007).
- 2. Hitachi took ownership of Clarion Co., Ltd. by a tender offer to strengthen car information systems business (December 2006).
- 3. Hitachi made Hitachi Mobile Co., Ltd. a wholly-owned subsidiary to strengthen automotive systems business (April 2006).
- 4. Hitachi acquired shares of Clarion Co., Ltd. and Hitachi and Clarion agreed to comprehensively strengthen cooperation in the Car Information Systems to strengthen automotive systems business (May 2005).
- 5. Hitachi, Ltd., TOKICO LTD. and Hitachi Unisia Automotive, Ltd. merged their operations to strengthen automotive systems business (October 2004).
- 6. Hitachi, Ltd., Shin-Kobe Electric Machinery Co., Ltd., and Hitachi Maxell, Ltd. established joint venture company Hitachi Vehicle Energy, Ltd. to market, develop and manufacture rechargeable lithium-ion batteries for hybrid electric vehicles (June 2004).
Construction Machinery
- 1. TCM Corporation merged Hitachi Construction Machinery Alba Co., Ltd. (October 2006).
Other
- 1. Hitachi,Ltd. sold the share of Japan Servo Co.,Ltd. to Nidec Corporation through a tender offer by Nidec(March 2007).