Hitachi Automotive Systems to accelerate its transformation toward operational excellence and industry leadership

Tokyo, June 19, 2019 - Hitachi Automotive Systems, Ltd., a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501, “Hitachi”), today announced that it has granted KPS Capital Partners, LP a put-option agreement for the acquisition of 100% of Chassis Brakes International B.V. Staff representatives will be consulted as per applicable law, and completion will be subject to antitrust approvals.