Hitachi, Ltd. announced that it will acquire a signal business for railways from a major French electronic equipment manufacturer in order to strengthen its railway business overseas.
The purchase price is expected to be more than 200 billion yen, and it is said that it will focus on next-generation transportation service = MaaS.
According to the announcement, Hitachi has decided to acquire the signal business for railways from Thales, a major French electronic equipment manufacturer, through a subsidiary.
The purchase price is expected to be 1.66 billion euros, or about 215 billion yen in Japanese yen, but the final amount will be decided in future discussions.
The business to be acquired has strengths in the digital field, including railway signal systems and operation management, as well as toll settlement systems.
Through this acquisition, we will focus on next-generation transportation service = MaaS, aiming to double the sales of the railway business to 1 trillion yen by 2026.
In addition to building a rolling stock factory in the United Kingdom in 2015, Hitachi has acquired the rolling stock business from an Italian manufacturer and is strengthening its railway business in Europe and the United States.
"I think we can make a big difference in research and development by promoting the digitization of passenger services using railroads," Alistair Dormer said in an online press conference.