Hitachi Announces Reorganization of System Solutions Business
OREANDA-NEWS. Hitachi, Ltd. announced that it will reorganize the system solutions business, withthe aim of optimizing its business structure to drive further growth in the Hitachi Group's information & telecommunication systems business.
Specifically, on April 1, 2015, Hitachi will succeed the system solutions business in the social infrastructure, financial, and government & public sectors in Hitachi Solutions, Ltd. ("Hitachi Solutions") and integrate such businesses to the Information & Telecommunication Systems Company, one of Hitachi's in-house companies, through an absorption-type company split (the "Company Split"). Prior to the Company Split, on October 1, 2014, Hitachi will integrate part of the information systems business of the Infrastructure Systems Company, which is another Hitachi's in-house company, to the Information & Telecommunication Systems Company.
Through these measures, Hitachi will establish an integrated operation structure by pooling the resources of the system solutions business in the social infrastructure, financial, and government & public sectors. Hitachi will strengthen its ability to propose solutions in the Social Innovation Business as it strives to improve its profitability, with the aim of attaining the management targets set forth in the 2015 Mid-term Management Plan.
Certain disclosures and details have been omitted as this transaction is an absorption-type company split transferring businesses from a wholly-owned subsidiary to Hitachi.
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