Mahle Japan Ltd completed the acquisition of an additional 23.99% stake in Kokusan Denki Co., Ltd. from Hitachi Ltd. and others.
January 07, 2013 at 09:30 am IST
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Mahle Japan Ltd. agreed to acquire an additional 23.99% stake in Kokusan Denki Co., Ltd. (TSE:6992) from Hitachi Ltd. (TSE:6501) and others on December 6, 2012. Mahle Japan owned 0.44 million shares in Kokusan Denki and agreed to acquire additional 3.57 million shares. The transaction is expected to close on January 7, 2013.
Mahle Japan Ltd. completed the acquisition of an additional 23.99% stake in Kokusan Denki Co., Ltd. (TSE:6992) from Hitachi Ltd. (TSE:6501) and others on January 7, 2013.
Hitachi specializes in manufacturing and marketing of electronic and industrial equipments. Net sales (including intragroup) break down by family of products and services as follows:
- social infrastructure and industrial systems (24.7%): elevators, escalators, industrial facilities, railway systems, power generation units, etc. The group also provides engineering and construction of nuclear, hydroelectric, and thermal power plants services;
- information and telecommunications products and services (20.1%): systems integration, cloud computing, software, servers, hard disks, PCs, ATMs, data communication base stations, payment terminals, etc.;
- materials and components (16.6%): semi-conductor materials, printed circuit cards, cables, copper and forged steel products, magnetic materials, organic and inorganic chemical products, etc.;
- construction equipment (10%) : hydraulic excavators, wheel loaders, mining equipment, etc.;
- automotive systems (9.4%): powertrain systems, control systems, etc.;
- electronic products (9.2%): fiber-optic components, screen tubes, testing and measurement equipment, medical equipment, equipment for manufacturing semiconductors, etc.;
- household appliances (4.7%): heating and air conditioning equipments, refrigerators, washing machines, etc.;
- other (5.3%): mainly transport, financial and logistical services.
Net sales are distributed geographically as follows: Japan (49.2%), Asia (21.3%), North America (12.7%), Europe (10.8%) and other (6%).
HITACHI, LTD. 
