Tokyo, April 5, 2024–(BUSINESS WIRE)–Hitachi Industrial Equipment Systems Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, President and CEO: Yasuhiro Takeuchi, hereinafter referred to as “Hitachi Industrial Equipment Systems”) and Mitsubishi Electric Corporation (Headquarters: Chiyoda-ku, Tokyo) Chiyoda-ku, Tokyo, President and CEO: Takashi Urushima (hereinafter referred to as Mitsubishi Electric) has agreed to transfer the distribution transformer business of the Mitsubishi Electric Nagoya Plant, which develops and manufactures FA equipment, to Hitachi, Ltd. ,It will be announced. Business integration with Industrial Equipment Systems Co., Ltd. (hereinafter referred to as the “Business Transfer”). Assets related to the distribution transformer business (development, design, manufacturing, sales, and maintenance) of Mitsubishi Electric Nagoya Office will be transferred to Hitachi Industrial Equipment Systems from October 2024, subject to approval from the relevant authorities. To do. Please note that this business transfer does not include transformers manufactured at Mitsubishi Electric Corporation's Power Transmission and Distribution System Center Ako Factory.
Through this business transfer, Hitachi Industrial Equipment Systems will expand its product lineup of energy-efficient and environmentally friendly transformers and accelerate the growth of grid edge solutions centered on power distribution systems, mainly in the domestic market. Masu. Furthermore, we aim to contribute to the sustainable evolution of Japan's power transmission and distribution networks by leveraging Hitachi Group's wide-ranging capabilities in IT, OT, and products. Mitsubishi Electric will focus on expanding its FA system business based on a portfolio strategy of concentrating investment in priority growth businesses.
Distribution transformers play the role of lowering the voltage of the high-voltage electricity generated at power plants to meet the needs of consumers so that they can use the electricity. They are installed at power grid relay points such as substations, public facilities, business facilities, and commercial facilities.
See below for the full text. www.MitsubishiElectric.com/news/
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