In order to transform railway system the Government of India has selected Hitachi ABB Power Grids India for $18 million Indian Railways electrification project. As per order Hitachi ABB Power Grids India will be delivering its transformers to Indias electric locomotive manufacturer, Chittaranjan Locomotive Works (CLW), for the production of 400 passenger and freight locomotive engines.
- Through the project, Hitachi ABB Power Grids continues to contribute to the countrys mission to be the worlds first net-zero carbon emitter by the end of the decade.
- Hitachi ABB Power Grids, the venture is headquartered in Switzerland Different railway electrification systems demand different kinds of transformers.
The major acquisitions and partnership by Hitachi in last six months are mentioned below:
June: 2020: Hitachi, Ltd. and U.S based Microsoft Corp. announced a strategic alliance to accelerate the digital transformation of the manufacturing and logistics industries across Southeast Asia, North America and Japan.
May 2020: Hitachi, Ltd. announced that its subsidiary Hitachi Elevator Asia Pte. Ltd has been awarded the 28th term contract for the supply and installation of 300 lifts by the Housing & Development Board (“”HDB””) of Singapore.
April 2020: Hitachi, Ltd. announced that its subsidiary Taiwan Hitachi Asia Pacific Co., Ltd. has agreed to establish a joint venture company for the manufacturing and sales of cells used in regenerative medicine, in partnership with MetaTech (AP) Inc., which provides technologies and activities in the regenerative medicine field in Taiwan.
April 2020: Hitachi, Ltd. announced the expansion of Lumada Business with the acquisition of digital business under the Fusionex brand from Fusionex International Plc a Big Data and AI technology market leader in the Asian region, providing AI and data analytics services.
January 2020: Hitachis wholly owned subsidiary Hitachi Vantara, announced its intent to acquire the business of privately held Waterline Data, Inc. Headquartered in Mountain View, Calif., Waterline Data provides intelligent data cataloging solutions for DataOps that help customers more easily gain actionable insights from large datasets and comply with data regulations such as GDPR.
December 2019: Hitachi Vantara and T-Systems North America (TSNA) announced a collaboration to develop new Hitachi Vantara-powered managed services. These services target the challenges and opportunities that face healthcare and life sciences customers, particularly around enterprise imaging and other business operational systems.
Hitachi is a multinational conglomerate company, headquartered in Tokyo, Japan. Hitachi is involved in the manufacture of electronic, healthcare and electrical equipment. It operates in Information and Telecommunication, Infrastructure Transportation, Electronic and Equipment, Power Systems, Construction Machinery and Others. The company has more than 296,000 employees globally.