HCM operates three units in India
The Competition Commission of India (CCI) has approved acquisition of shareholding in Hitachi Construction Machinery Co Ltd (HCM) which operates in India subsidiaries and affiliates Tata Hitachi Construction Machinery Company Pvt Ltd, H-E Parts International LLC and Bradken India Private Limited.
The CII gave approval on 31 May 2022 for shareholding acquisitions by HCJI Holdings GK, Citrus Investments, HCJ Holdings 2 GK, Japan Industrial V – GP K.K., and other investors.
The proposal is to acquire 26% in the Hitachi Construction Machinery from Hitachi Ltd on a fully diluted basis.
HCJI is currently a wholly owned subsidiary of Japan Industrial Partners Inc. HCJI was established as a limited liability company to hold shares in the Target and undertake all business incidental to the same.
The ITOCHU Group operates in a comprehensive array of business domains, from upstream areas, such as transactions involving raw material, to downstream domains, such as retail. Itochu does not have any subsidiaries and investee companies active in India.
HCM is listed on the Tokyo Stock Exchange. Its major shareholder and controlling parent company is Hitachi (holding 51.5 % of the shares in HCM). HCM is engaged in the manufacturing of mining and construction machinery and solution business (such as development, production, distribution of parts and service solutions as part of the after-sales services for mining facilities and equipment) globally. fiinews.com
