TOKYO, Jan 20, 2025 – (JCN Newswire) – – Hitachi Ltd (OTC:). (TSE: 6501, “Hitachi”) announced today that it has completed the acquisition of Joliet Electric Motors, LLC(“Joliet”), which is headquartered in Illinois, the United States, and engaged in the sales and maintenance service businessof large motors in North America from three funds(1) on January 17. Going forward, Hitachi Industrial Products Ltd. (“Hitachi Industrial Products”), which is engaged in the large industrial equipment business, will operate Joliet’s business.
Joliet has a 90-year track record in the sales and maintenance service business (repair, rebuild) of large motors for theenergy and heavy industry sectors in North America. Since 2002, Joliet has strengthened its partnership with HitachiIndustrial Products as a sales distribution partner for oil drilling. Through this acquisition, Hitachi Industrial Products willenhance its recurring business by expanding…
