Hitachi Ltd. has acquired Joliet Electric Motors, a large motor sales and maintenance business with a track record of 90-years. Hitachi says that the acquisition will expand their sales of large industrial equipment in North America, strengthen the maintenance service business for existing products, and allow them to enter into the maintenance service business for products manufactured by other companies. Hitachi also aims to contribute to the reduction of CO2 emissions from energy sources by developing and providing electrified products through Joliet's sales channels.
"We are thrilled to continue our 56-year collaboration with Hitachi," said Joliet CEO Tim Tibbott. "I believe by working together, we can offer important electrification solutions and create value for our customers in the heavy industries and energy market."
Through this acquisition, Hitachi Industrial Products will acquire a local maintenance service base in advance of a significant increase in maintenance for delivered products, collaborating with the Illinois-based company to provide maintenance service operations for approximately 7,000 wind farm generators and large motors installed in Hitachi Group products in North America.
Hitachi Industrial Products aims to accelerate the transition from fossil fuel-powered engines to electrification products and contribute to the reduction of CO2 emissions by leveraging Joliet's sales channels.
"I am very pleased to welcome Joliet to the Hitachi Group," said Jun Abe, representative executive officer, executive vice president and executive officer, general manager of Connective Industries Division, Hitachi. "In the future, together with Joliet, the Hitachi Group will strengthen and expand its recurring business in the energy market across the entire value chain of large motors and contribute to the preservation of the global environment by leveraging Hitachi Group's digital technologies."
"By utilizing Joliet's expertise in repair and rebuild, Hitachi Industrial Products will collect, analyze, and utilize operational data of the products to provide optimal equipment, thus establishing a recurring business cycle," commented Keizo Kobayashi, president and director of Hitachi Industrial Products.
