Hitachi : Automotive Systems, Keihin, Showa and Nissin Kogyo
January 06, 2021 at 07:59 am EST
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Conclude Management Integration and Commence Operations as Hitachi Astemo.
On January 1, 2021, Hitachi Automotive Systems, Ltd., Keihin Corporation, Showa Corporation and Nissin Kogyo Co., Ltd. concluded management integration to form Hitachi Astemo, Ltd., a leading provider of mobility solutions to the automotive industry.
The name 'Astemo' is derived from the words 'Advanced Sustainable Technologies for Mobility' and describes the mission of the integrated company to 'provide a safe, sustainable and comfortable mobility life through technologies that contribute to an advanced and sustainable society'.
Driven by technological megatrend of CASE, meaning Connected, Autonomous, Sharing and Electrification, the automotive industry is undergoing profound change requiring companies to have the scale and resources to create the leading technologies and sophisticated solutions required for today's mobility demands.
As a global mega-supplier, Hitachi Astemo will create advanced mobility solutions in its core businesses of powertrain systems, chassis systems and advanced driver assistance systems for both automobiles and motorcycles. Leveraging its expanded scale and the advanced technologies of the four integrating companies, Hitachi Astemo will drive innovation in CASE, an area expected to grow rapidly. Further, Hitachi Astemo will optimize its engineering resources to accelerate development of next-generation technologies and integrate advanced software across components, establishing itself as a global leader in mobility solutions.
Hitachi Astemo is a truly global company, employing approximately 90,000 people with offices and plants in 27 countries covering Japan, China, India, North America, South America and Europe. The company endeavors to increase its social, environmental and economic value by providing advanced mobility solutions that improve safety, comfort, environmental protection and contribute to building a sustainable society. Hitachi Astemo will contribute to improving quality of life and the corporate value of its customers worldwide.
Hitachi specializes in manufacturing and marketing of electronic and industrial equipments. Net sales (including intragroup) break down by family of products and services as follows:
- social infrastructure and industrial systems (24.7%): elevators, escalators, industrial facilities, railway systems, power generation units, etc. The group also provides engineering and construction of nuclear, hydroelectric, and thermal power plants services;
- information and telecommunications products and services (20.1%): systems integration, cloud computing, software, servers, hard disks, PCs, ATMs, data communication base stations, payment terminals, etc.;
- materials and components (16.6%): semi-conductor materials, printed circuit cards, cables, copper and forged steel products, magnetic materials, organic and inorganic chemical products, etc.;
- construction equipment (10%) : hydraulic excavators, wheel loaders, mining equipment, etc.;
- automotive systems (9.4%): powertrain systems, control systems, etc.;
- electronic products (9.2%): fiber-optic components, screen tubes, testing and measurement equipment, medical equipment, equipment for manufacturing semiconductors, etc.;
- household appliances (4.7%): heating and air conditioning equipments, refrigerators, washing machines, etc.;
- other (5.3%): mainly transport, financial and logistical services.
Net sales are distributed geographically as follows: Japan (49.2%), Asia (21.3%), North America (12.7%), Europe (10.8%) and other (6%).