Friday, May 29, 2015

Hitachi Plans to Derive More than Half Its Group Revenues from Overseas in 2015

Hitachi, the nation’s largest maker of electric equipment and infrastructure systems is going global after painful reforms.  The company splurged on a pricey acquisition -- a railway vehicle and signal businesses of Italy’s Finmeccanica S.p.A., a deal estimated at over ¥250 billion.

This highlights Hitachi's accelerated shift in recent years toward global expansion.

Chairman and CEO Hiroaki Nakanishi, however, does not seem to be content, which is a good thing from the standpoint of continuing to drive results for Hitachi.
“We need to respond to a market that is getting all the more global or else we’ll end up going extinct,” he [Nakanishi] said in an interview in Las Vegas in late April on the sidelines of a corporate exhibition.
Read more:  Resurgent Hitachi goes global after painful reforms

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