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Hitachi Decides to Conduct Public Tender Offer for Shares of Yungtay, Elevator Company Based in Taiwan

Tokyo, October 26, 2018 --- Hitachi, Ltd. (TSE: 6501, “Hitachi”) today announced that it decided to conduct a public tender offer to acquire all issued shares of Yungtay Engineering Co., Ltd. (TWSE: 1507, “Yungtay”), an elevator and escalator company in Taiwan, and submitted a binding letter to Yungtay with the intent to acquire each share at 60.0 TWD. Additionally, Hitachi has signed a contract with Chou-Li Hsu, Honorary Chairman and founding family of Yungtay, that he will tender his 4.3% of shares in Yungtay, in the case of a public tender offer by Hitachi.
 

NEDO and Hitachi to Start Cloud-Based Advanced Energy Management System Demonstration Project in Slovenia

Project aims to realize energy services business, including autonomous operation during power grid failure


Tokyo, September 25th --- New Energy and Industrial Technology Development Organization (NEDO) and Hitachi, Ltd. will expand the Smart Community Demonstration Project being carried out jointly with ELES, d.o.o., Slovenia’s state-owned electricity transmission system operator, and will start demonstration of a cloud-based Advanced Energy Management System (AEMS) for the first time from October 2018.

Ansaldo STS, as the Lead entity of the FLOW Consortium is awarded the contract for the Operation and Maintenance Services of Lines 3, 4, 5 & 6 of Riyadh Metro

Genoa, September 18th --- Ansaldo STS (STS.MI), as Leader of FLOW consortium1, has received yesterday a letter of award from ArRiyadh Development Authority (ADA) related to the operation and maintenance services contract of Lines 3, 4, 5 and 6 of Riyadh Metro. The contract covers a period of 12 years including the mobilization period, and has a total value to the FLOW Consortium of 10.9 billion Saudi Arabian Riyals, equal to 2.9 billion USD.


Ansaldo STS’ share is equal to about 1 billion USD.

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