Hitachi Agrees to Acquire JR Automation

Tokyo, April 24, 2019 --- Hitachi, Ltd. (TSE:6501, “Hitachi”) today announced that on April 23, 2019 it entered into a definitive contract for the acquisition of the robotic SI business mainly operated by an American headquartered company, JR Automation Technologies, LLC (CEO: Bryan Jones, “JR Automation”), from funds managed by Crestview Partners (“Crestview”). Subject to the terms and conditions of the contract, Hitachi will acquire JR Automation, which builds production lines and logistics systems using industrial robots. As a result of this acquisition, Hitachi will enter the robotic SI business in North America, which is a region that is expected to see a high rate of growth. The acquisition is expected to be executed by the end of 2019, subject to the satisfaction of certain regulatory and other customary closing conditions.