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.
Oct 19, 2017 09:35 HKT/SGT
Hitachi Social Innovation Forum held in Milan to Accelerate Collaborative Creation, Targeting the Expansion of the Social Innovation Business in Italy
Oct 18, 2017 08:48 HKT/SGT
Hitachi Launches the Systems to Automatically Generate Optimized Production Schedules and 3D Work Instructions as a Solution Core for the IoT Platform "Lumada"
Oct 12, 2017 15:58 HKT/SGT
Hitachi and Daicel Develop Management and Manufacturing Dashboard by Utilizing IoT to Integrally Visualize KPIs from Management Information to Manufacturing Workplaces' Situations
Oct 3, 2017 11:34 HKT/SGT
Development of Active-learning Dialogue Data-based AI Technology
Sept 28, 2017 13:59 HKT/SGT
Hitachi SEM Receives Order for Around 5,400 Distribution Transformers from the Republic of the Union of Myanmar's Ministry of Electricity and Energy
Sept 26, 2017 11:07 HKT/SGT
Daikin and Hitachi Embark on Collaborative Creation Aiming to Establish a Next-Generation Production Model Utilizing IoT to Support Skill Transfer from Expert Workers
Sept 20, 2017 19:04 HKT/SGT
Hitachi Aims To Disrupt Industrial IoT Platform Market With New Commercial Lumada Software Stack
Sept 20, 2017 18:26 HKT/SGT
Hitachi Introduces Hitachi Vantara: A New Digital Company Committed to Solving the World's Toughest Business and Societal Challenges
Sept 20, 2017 09:26 HKT/SGT
Hitachi Hosts "Hitachi Social Innovation Forum 2017 TOKYO"
Sept 15, 2017 17:35 HKT/SGT
Hitachi to Strengthen Information Security Structure
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 6721 7212

Connect With us: