Cookie Consent by Privacy Policies Generator website Hitachi Energy Is Ahead Of Schedule With Its Purpose-driven Growth Plan : GoDubai.com

GoDubai
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Hitachi announced acquisition of remaining shares from ABB ahead of schedule further supporting Hitachi Energy's 2030 Plan

 

Dubai: October 01, 2022 - Hitachi Energy Ltd ('Hitachi Energy') today announced that Hitachi, Ltd. (TSE: 6501, 'Hitachi') has signed a share transfer agreement for the remaining 19.9% shares from ABB Ltd (SIX: ABBBN, 'ABB'), pursuant to the acquisition agreement signed on December 17, 2018(1). This is in line with the plan and ahead of schedule, and the transfer of shares will be completed by end of December 2022, subject to regulatory approvals. 

“We are pleased with the progress of Hitachi Energy, and we look forward to supporting the Hitachi Energy 2030 Plan, as announced during Hitachi Investor Day 2022,” said Yoshihiko Kawamura, Executive Vice President and Executive Officer, CFO of Hitachi, Ltd., and the Chair of the Board of Hitachi Energy.

Hitachi Energy is making good progress with its portfolio offering that is strengthening, expanding, and evolving the power system supporting customers and partners across the entire lifecycle to enable a sustainable, flexible and secure energy system. The company is also well-positioned to accelerate the growing electrification of transportation, industry and building sectors with its long-term Hitachi Energy 2030 purpose-driven growth plan.

'Electricity will be the backbone of the entire energy system and the urgency of the energy transition requires us to collaborate and innovate across stakeholders and sectors, and the good news is that we can act now. Hitachi and Hitachi Energy have been generating synergies by combining digital and energy technologies that are contributing to the global energy transition. We will accelerate the drive for synergies, digitalization and service and we will continue to offer deployment of both IT and operational technology (OT) at scale and with speed, as we are advancing a sustainable energy future for all,' said Claudio Facchin, Senior Vice President and Executive Officer of Hitachi and CEO of Hitachi Energy. 

The good progress of the company is underpinned by the commitment from Hitachi, a diverse and passionate global team of 40,000 Hitachi Energy employees, and the tailwind from the development and deployment of innovative technology for a carbon-neutral vision where electricity will become the backbone of the entire energy system. 

Based on the combined knowledge of close to 250 years between Hitachi Energy and Hitachi, the business has also leveraged its energy platform in combination with digital solutions from Hitachi, and launched solutions like Lumada Asset Performance Management and, most recently, Lumada Inspection Insights.

Strengthening the power system with High Voltage Direct Current (HVDC) technology for bulk renewable integration and interconnections between countries and continents, as well as the launch of an eco-efficient EconiQ™ portfolio for high-voltage products, transformers, and consulting, all initiatives that have contributed to the purpose-driven growth: advancing a sustainable energy future for all. In addition, we are expanding with digital solutions and services that are enabling carbon reductions. And we are evolving the power system through partnerships and new business models, as an integral part of the Hitachi Energy 2030 Plan.

The solid commitment from Hitachi to the announced acquisition of the remaining shares of Hitachi Energy ahead of plan will help accelerating synergies and implementation of the 2030 Plan enabling our agile and committed team to support customers and partners addressing the global challenge of the energy transition. 



Posted by : GoDubai Editorial Team
Viewed 5412 times
Posted on : Saturday, October 1, 2022  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Yellow-Door-Energy-Closes-$400-Million-Equity-Raise-To-Develop-Sustainable-Energy-Projects-In-MEA
Next Story : ISO-Annual-Meeting-2022-In-Abu-Dhabi-Ends-With-Call-To-Harmonize-Standards-To-Drive-Positive,-Sustai...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
  • Repossi & Cheval Blanc Join Forces to Reimage the Iconic Berbère Ring... [11906-Views]
  • Your Autumn/Winter Guide from Essence is Here [10492-Views]
  • Fall in Love with Catrice [9541-Views]
  • Eyewear Gift Guide for the Festive Season [6088-Views]
  • Pandora Launch a New Limited-Edition Charm in Support of UNICEF Giving Youn... [5318-Views]
  • Samsung Wins 46 CES 2023 Innovation Awards from the Consumer Technology Ass... [5133-Views]
  • The Ferrari 125 S, Ferrari's First Car in History Enters the Region for the... [4863-Views]
  • Ogilvy Celebrates a giant performance at this year's LIA's – Including awa... [4567-Views]
  • 5 Ways to Style Your Home This Festive Season with West Elm [4547-Views]
  • TITAN Solar Paves the Way for a Brighter, Sustainable Future [4477-Views]
  • Panasonic Reaffirms Commitment To Kuwaiti Market as It Extends Partnership... [3899-Views]
  • H.E. Sarah Al Amiri Inaugurates Hotpack's AED 250m Plant in NIP [3874-Views]
  • Opening Day of 22nd Edition of Cityscape Sees Numerous New Developments Sho... [3231-Views]
  • New Real Estate Entity to Redefine Buyer Experience with On Time Delivery A... [3013-Views]
  • Dubai Airports makes Parking Payment a Breeze with ‘Scan, Pay and Go' [2854-Views]
  • Dubai Islamic Bank Successfully Prices USD 750 Million Inaugural Sustainabl... [2763-Views]
  • The Environment Agency - Abu Dhabi Hosts Youth Debate Around Climate Change [2685-Views]
  • Shamsuddin PM Demise Note [2653-Views]
  • Dubai Cares' Enduring Commitment to Promoting Early Childhood Development R... [2644-Views]
  • Paperworld Middle East Highlights Metaverse and Eco-Friendly Innovation Th... [2636-Views]
  • The Face Shop Introduces Vegan Skincare in the UAE [2604-Views]
  • Arabian Automobiles brings back trade-in offer, this time for the Nissan P... [2587-Views]
  • 5th Combined Gulf Cancer Conference to See Stellar Lineup of Policymakers, ... [2567-Views]
  • MG International Fragrance Company Reinforces Presence in the Growing Midd... [2542-Views]
  • Sita Strengthens its Partnership with Geneva Airport, helping Transform the... [2538-Views]
  • Large Audience Attend Taha Hussein Days at Mohammed bin Rashid Library [2534-Views]
  • Fill Your Stockings at Williams Sonoma with these Gorgeous Gift Ideas [2517-Views]
  • Trailblazing Women in Publishing Share their Voices at the 33rd Internation... [2509-Views]
  • New Research Shows Middle East Schools Are World Beaters In Delivering High... [2501-Views]
  • Mubadala and Bidaya Media Sign Agreement to Create UAE National Identity-th... [2501-Views]
  • Dubai's 3 Day Super Sale Starts Friday with Deals of up to 90% off across ... [2476-Views]
  • FOCP's 5th Combined Gulf Cancer Conference Focuses on Patient-centred, Prev... [2452-Views]
  • DLD and Delos to Organise ‘The Future of Health, Wellness & Innovation Foru... [2452-Views]
  • Empower: District Cooling Contributes to Combating Climate Change [2427-Views]
  • Danube Home Mad Red Sale - Announces the 4th Edition of its Biggest Sale of... [2427-Views]
  • Emirates Robotics Competition Launched for University Students across UAE [2362-Views]
  • Victory for Sports Independence and Integrity as ITF's Hostile Takeover of ... [2345-Views]
  • Former Man City Star Micah Richards on Why He is a Big F1 Fan and How the S... [2333-Views]
  • DLD Enriches its Participation in Cityscape 2022 with Innovative and Sustai... [2206-Views]
  • Dubai Health Authority Receives a High-level Delegation from the National H... [2173-Views]
  • Cathay Pacific Launches the much-awaited Green Friday Sale [2161-Views]
  • Jaeger-Lecoultre Participates in the 30th Edition of Jewellery Arabia Bahr... [2144-Views]
  • DHA Conducts Educational Workshops and Free Health Examinations at AccessAb... [2140-Views]
  • Dubai's Real Estate Market Continues to Ride High on Strong Investor Confid... [2140-Views]
  • National Bank of Fujairah takes home three awards at MEA Finance Industry A... [2132-Views]
  • This Week, ‘Down To Earth' Celebrating all things Green returns to Jameel A... [2112-Views]
  • Welcome to the Grand Launch of ESTABENA! [2062-Views]
  • Summary of Weekly Real Estate Transactions for the Week Ending 18 November ... [2038-Views]
  • G42 Healthcare Signs MoU with Asa Ren to Boost Genomic Sequencing, Bioinfor... [2038-Views]
  • Sociocultural Barriers Affect Screening Rates, Early Cancer Detection in th... [2038-Views]