Press Releases

Horizon and Exelon Partner to Advance Wylfa Newydd Project

London, 15th February 2017 --- Horizon Nuclear Power and Exelon Generation today announced a partnership to advance Horizon’s progress towards becoming a world class nuclear operator. Exelon Generation, a leader in nuclear safety and operational excellence, operates the largest fleet of nuclear plants in the United States. This new operating partnership brings Exelon’s experience to Horizon as it grows its own expertise and capability to operate a next generation nuclear power station at Wylfa Newydd on Anglesey, North Wales.

Hitachi Rail Italy wins a contract worth 106 million Euros for additional 15 “Leonardo” metro trains from Azienda Trasporti Milanesi

Naples, Italy, February 13, 2017--- Hitachi Rail Italy today announced that it has been awarded a contract, signed February 8th, worth 106 million EUR from Azienda Trasporti Milanesi (ATM) to manufacture an additional 15 “Leonardo” metro trains for the city of Milan. 

Hitachi Automotive Systems and Honda Sign MoU Aiming to Establish Joint Venture Company for Electric Vehicle Motors

Tokyo, February 7, 2017 --- Hitachi Automotive Systems, Ltd., and Honda Motor Co., Ltd., today announced the signing of a Memorandum of Understanding ("MoU") on Feb. 3, aiming to establish a joint venture company for the development, manufacture and sales of motors for electric vehicles. The two companies now will conduct formal discussions regarding the establishment of the new company.

Ansaldo STS - Unaudited preliminary FY 2016 estimates very positive performance in a transitional year

Milan, January 31st 2017 ---

- Order backlog at EUR 6,488.4 million, +1.2% y/y
- New Orders at EUR 1,475.8 million, +10.5% y/y
- Revenue of EUR 1,327.4 million, -4.1% y/y
- EBIT of EUR 126.8 million, -6.6% y/y. EBIT margin (ROS) at 9.6%, compared to 9.8% in 2015
- Net Result of EUR 77.9 million, -16.3% y/y, equivalent to 5.9% of revenues
- Net Financial Position (cash surplus) of EUR (338.0) million, in line with the 2015 amount of EUR (338.7) million

Notification of Subscription to Tender Offer for Shares, etc. of Subsidiary

Tokyo, Japan, January 13, 2017 --- Hitachi, Ltd. (TSE:6501, “Hitachi”) today announced that it has executed an agreement (the “Agreement”) with HK Holdings Co., Ltd. (Representative Director: William Janetschek; the “Offeror”), all of whose issued shares are owned by investment funds related to Kohlberg Kravis Roberts & Co. L.P. (Co-Chairman and Co-CEO: Henry R. Kravis, George R. Roberts; including affiliate companies and other related business entities, collectively referred to as “KKR”), regarding to a tender offer made by the Offeror (the “Tender Offer”).

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