Tokyo, Japan, December 29, 2014<\/strong>\u00a0— Hitachi, Ltd. (TSE:6501, \u201cHitachi\u201d) today announced that it has decided to acquire Aqua Works and Engineering Pte. Ltd. (CEO: Chang Kok Thye; \u201cAqua Works\u201d), an engineering company that specialises in water related installations for commercial facilities, public spaces and residential properties in Singapore, through Hitachi Infrastructure Systems (Asia) Pte. Ltd. (President: Masaaki Otake; \u201cHitachi Infrastructure Systems (Asia)\u201d), its regional supervising company for the infrastructure systems business in Southeast Asia. A contract was completed for the purchase of all of Aqua Works\u2019 issued shares. Based on this contract, procedures will move forward for the completion of this acquisition by the end of January 2015.<\/p>\nHitachi\u2019s aim in this acquisition is to strengthen comprehensive proposal capabilities by combining Aqua Works\u2019 water features with Hitachi\u2019s Reverse Osmosis (RO) membrane systems, which are water treatment systems being rolled out as part of Hitachi\u2019s business in this field. At the same time, Hitachi will leverage Aqua Works\u2019 customer base in Southeast Asia to strengthen and expand its water and environmental solutions business.<\/p>\n
Currently, amid demands for the effective use of limited water resources, RO membrane systems are playing an active role as a core product in water treatment systems that help to secure drinking water through seawater desalination and enable wastewater from consumer and industrial applications to be reused as industrial water. In recent years, in island countries and Middle Eastern regions with minimal water resources, it has become the mainstream to incorporate RO membrane systems into water features that require large volumes of water, such as fountains and pools, and the demand for these systems is expected to increase further in the future.<\/p>\n
Hitachi undertakes a wide range of operations involving RO membrane systems, from design to manufacturing, sales, and maintenance, through Hitachi Aqua-Tech Engineering Pte. Ltd. (Managing Director: Tang Chay Wee; \u201cHitachi Aqua-Tech\u201d), a 100% subsidiary of Hitachi Infrastructure Systems (Asia), and has already established an extensive track record of deliveries in Singapore, the Republic of the Maldives, and Middle Eastern countries.<\/p>\n
Through this acquisition, Hitachi intends to generate synergies by utilizing Aqua Works\u2019 various resources such as technical capabilities, customer base, human resources, and knowledge, and to further strengthen and expand its water environment solutions business. Specifically, it will expand its product lineup by incorporating the fountains, pools and other water features handled by Aqua Works, and will strengthen its comprehensive proposal capabilities by providing packages that combine Hitachi Aqua-Tech\u2019s RO membrane systems with water related facilities for commercial facilities, public spaces and residential properties. It will also expand opportunities for new orders in Southeast Asia by leveraging Aqua Works\u2019 customer base.<\/p>\n
\u201cThe aim of acquiring Aqua Works is to expand the scope of Hitachi\u2019s water business and to increase our customer proposal capabilities and competitiveness mainly in Southeast Asia. By utilizing the business platforms and knowledge cultivated by Aqua Works, we will expand Hitachi\u2019s water and environmental solutions business, and contribute to the effective use of water resources by providing water related facilities that incorporate Hitachi\u2019s RO membrane systems.\u201d said Masaaki Otake, President of Hitachi Infrastructure Systems (Asia).<\/p>\n
Hitachi has positioned the water environment and solutions business as a core field in the context of the Social Innovation Business. It will continue to strengthen collaborations with customers and partner companies, and will leverage the Hitachi Group\u2019s comprehensive capabilities to further strengthen and expand the global rollout of the water and environmental solutions business.<\/p>\n<\/div>
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