Hitachi Concludes Formation of Alliance with Hi-Rel Electronics, India
Hitachi, Ltd. (President: Hiroaki Nakanishi, NYSE: HIT / TSE: 6501, “Hitachi”) and Hi-Rel Electronics Pvt. Ltd. (Managing Director: Piyush Shah, “Hi-Rel”) today announced closing of a transaction under which Hitachi has made a majority equity investment in Hi-Rel, in a move to strengthen Hitachi’s and Hi-Rel’s power electronics business in India.