Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 27 April 2017, 19:35 HKT/SGT
Share:
    

Source: Hitachi, Ltd.
Hitachi Enters Lift Market in Europe with Acquisition of UK-based Temple Lifts

TOKYO, Apr 27, 2017 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) today announced it has entered the elevator market in Europe with the acquisition of Temple Lifts Ltd., the UK-based company which manages the sales, installation, maintenance and repair of lifts in the UK. Hitachi will expand its elevator business into the UK by using Temple's sales channel, knowledge and existing high quality technology in lift maintenance, adding Hitachi's highly efficient products.

Hitachi has been expanding its elevator business in China and other Asian countries, India, and the Middle East in recent years. Hitachi has invested in many RCEP member countries(1) where expedited gcolth is expected: the Republic of the Union of Myanmar (2015), the Republic of Indonesia (2016), the Socialist Republic of Vietnam (2016) and the Kingdom of Cambodia (2016).

Hitachi has considered entering the European lift market, which accounts for over 30%(2) of the global share of the market, for some time. After comprehensive consideration, Hitachi decided to enter the UK due to the significant size of the market and a stable gcolth rate in Europe among other reasons.

Temple's lift business was founded nearly 30 years ago in 1989 and is responsible for sales, installation, maintenance and repair. Temple currently has about 5,000 maintenance contracts, owing to its high reputation and remarkable technical ability to maintain many manufacturer's lifts.

Hitachi will offer its high-end products and high quality maintenance to clients by utilising Temple's excellent reputation, backed by long-standing client relationships and strong technical knowledge. Further, Hitachi will expand its Social Innovation Business globally, aiming for further penetration in European and African markets, using the knowledge earned through this acquisition.

(1) Regional Comprehensive Economic Partnership member countries
(2) Total value of maintenance of newly installed lifts and repair in 2014 (Hitachi intelligence and analysis)


About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2014 (ended March 31, 2015) totaled 9,761 billion yen ($81.3 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes power & infrastructure systems, information & telecommunication systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at www.hitachi.com.

Contact:
Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111



Apr 27, 2017 19:35 HKT/SGT
Source: Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501)

Topic: Press release summary
Sectors: Engineering
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2017 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Hitachi, Ltd.
July 25, 2017 10:42 HKT/SGT
Hitachi Automotive Systems' ADAS ECU Used in Nissan Motor's Partially Redesigned X-Trail
July 24, 2017 14:40 HKT/SGT
Hitachi Automotive Systems' Lightweight, Compact and Highly Reliable Lithium-Ion Battery Module has been Chosen for Suzuki's New "Swift" Vehicles with Hybrid Technology
July 20, 2017 11:58 HKT/SGT
Horizon Announces Operational Training Support Partner for Wylfa Newydd
June 13, 2017 17:23 HKT/SGT
Horizon Apprentices Arrive in Japan for Work Experience
June 12, 2017 16:17 HKT/SGT
Field Testing New Breath-Alcohol Detection Device Equipped with Facial Recognition
June 9, 2017 15:09 HKT/SGT
Ansaldo STS signs MoU with Metroselskabet for Proof of Concept of New Dynamic Headway Solution Leveraging Hitachi Technologies for Copenhagen Metro
June 8, 2017 09:06 HKT/SGT
Hitachi and MD Anderson to Collaborate in Research for Treatment of Oropharyngeal Cancer of the Head and Neck
June 2, 2017 10:56 HKT/SGT
Hitachi Reaches 1,260 m/min, the World's Fastest(1) Speed with Ultra-High-Speed Elevator
May 31, 2017 14:16 HKT/SGT
Hitachi Launches Work Progress Visualization Support System and Work Improvement Support System
May 17, 2017 11:36 HKT/SGT
Hitachi Automotive Systems to Exhibit Advanced Driver Assistance System, Automated Driving System at the Automotive Engineering Exposition 2017 Yokohama
More news >>
 News Alerts
Copyright © 2017 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 5791 1818

Connect With us: