Press Releases

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”).

Works for the technological systems of the High Speed/High Capacity “Terzo Valico dei Giovi” line between Milan and Genoa have been assigned to ANSALDO STS

Genoa, January 11th, 2017 --- On 28th December 2016, the “Saturno Consortium for the undertaking of High Technology Railway works for the Italian High Speed Railway System”, of which Ansaldo STS S.p.A is member, signed a contract with the General Contractor, the Consorzio Collegamenti Integrati Veloci (“COCIV”) for the production of the technological systems for the AV/AC Project (High Speed and High Capacity) of the “Terzo Valico dei Giovi” Milan – Genoa line.

Demonstrated Test Driving with an Autonomous Driving ECU Equipped with Eleven Advanced Driving Applications Including Low-speed Adaptive Cruise Control (Traffic Jam Assist)

Tokyo, December 26, 2016 --- Hitachi Automotive Systems, Ltd. today announced that it had equipped a vehicle with an autonomous driving ECU (Electronic Control Unit) that has 11 advanced driving functions including low-speed adaptive cruise control (traffic jam pilot), and drove the vehicle on the company’s Tokachi Test Course, demonstrating that all functions worked correctly. The feedback obtained from this demonstration will be used to make further improvements aimed at starting sales of the autonomous driving ECU in July, 2017.

Hitachi Automotive Systems and Clarion Developed a Remote Parking System Using Smartphone that Enables Driverless Parking

Tokyo, December 22, 2016 ---Hitachi Automotive Systems, Ltd. and Clarion Co., Ltd. today announced the joint development of a remote parking system that automatically performs parallel and perpendicular parking as well as garage parking and exit from outside the vehicle through remote control using smartphones. The companies are going to introduce the system to vehicle manufacturers to attain early commercialization.