Tokyo, Japan, November 12, 2018 --- Hitachi, Ltd. (TSE:6501, “Hitachi”) and Hitachi Industrial Equipment Systems Co., Ltd. (“Hitachi Industrial Equipment Systems”) have decided that with a view to strengthening engineering and sales capabilities in the power receiving and transforming facilities business for the industrial area and promoting digital technology-based high value-added businesses, the sales and engineering sectors for power receiving and transforming facilities for the industrial area that handle special high voltages exceeding 33kV, products for which Hitachi has been responsible, will be taken over by Hitachi Industrial Equipment Systems, a wholly owned subsidiary of Hitachi, through a company spin-off (the “Company Split”) on April 1, 2019.
