Hitachi deepens transformation into digital services group
Japan’s Hitachi Ltd. has agreed to sell approximately 80% of its home appliance business in a deal valued at around 110 billion yen, marking another step in its long-running transformation toward a services- and infrastructure-focused industrial group. The buyer, retailer Nojima Corporation, will acquire the stake through a special purpose vehicle in a transaction involving a newly established company that will house Hitachi Global Life Solutions’ home appliance operations. The division currently covers products such as washing machines, refrigerators and vacuum cleaners, generating roughly 367.6 billion yen in net sales in the fiscal year ending March 2025. For Hitachi, the…
