Deal Details
Hitachi Acquires Flexware
Summary
Hitachi, Ltd. (“Hitachi” or the “Company”) (TSE: 6501) has acquired Flexware Innovation, Inc. (“Flexware”). Terms of the transaction were not disclosed.
Baird served as the exclusive financial advisor to Hitachi on this transaction.
About
Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. Hitachi will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, Hitachi aims for growth through collaboration with its customers. The Company’s consolidated revenue for fiscal year 2021 (ended March 31, 2022) totaled 10,265 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. Hitachi is headquartered in Tokyo, Japan.Founded in 1996, Flexware is a leading manufactured systems integrator (SI) serving enterprise clients across life sciences, food and beverage, utilities, metal and steel and automotive and discrete manufacturing. Offering manufacturing IT and automation services at every level of the ISA-95 framework, Flexware’s capabilities range from controls engineering and safety assessments to ERP implementation. Flexware is headquartered in Fishers, Indiana.
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- Date
- September 2022
- Company
- Hitachi, Ltd.
- Transaction
- M&A - Buyside
- Sectors
- Industrial
- Verticals
-
Test, Measurement & Automation
- Target Geography
- North America
- Acquiror Geography
- Asia
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