Hitachi Creates New North American Holding Company
By DJ Slater01 April 2020
Hitachi has established a new holding company – Hitachi Industrial Holdings Americas, Inc. – to strengthen its industrial business in North America.
The new company will operate under Hitachi’s industry sector and handle integrated business operations in North America. Those operations include responding to dynamic market changes and demand diversification, as well as collaborating with North American Hitachi companies – Sullair and JR Technologies Group – on digital technologies and products.
Hitachi’s presence in North America is well documented. In July 2017, the company acquired Sullair, followed by the acquisition of JR Automation in December 2019. The company hopes the new holding company will allow it to expand and enhance its digital solutions business for the industrial market and its distribution areas.
Hitachi also hopes to increase the total global revenues of its North American group companies in the industrial sector to 200 billion yen in the fiscal year of 2021. The company reached 73 billion yen in the 2018 fiscal year.