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Hitachi High-Technologies GLOBAL

Hitachi High-Technologies Europe to Acquire All Shares of Scientific System Products Distributor Spectral Solutions to Strengthen the Electron Microscope Business in Europe

TOKYO, Japan, October 11, 2016 – Hitachi High Technologies Corporation (TOKYO: 8036; Hitachi High-Tech) announced today that its wholly owned subsidiary Hitachi High-Technologies Europe GmbH (Hitachi High-Tech Europe) concluded an agreement on October 7, 2016 under which Hitachi High-Tech Europe is to acquire all of the issued shares of Spectral Solutions AB (Lidingö, Sweden; Spectral Solutions), a distributor in the Nordic region for scientific system products of Hitachi High-Tech Europe, from Skraken Förvaltning AB (Lidingö, Sweden) on April 3, 2017. After the conclusion of the agreement, Hitachi High-Tech Europe will begin procedures for merging Spectral Solutions.

The Hitachi High-Tech Group has formulated a Mid-term Management Strategy running from FY2016 to FY2018 in order to implement concrete strategies and measures based on its business portfolio strategy, and thereby accelerate further growth toward 2020. In the business of scientific systems, the Group has competence in the field of " 'observing,' 'measuring,' and 'analyzing' materials" and aims to contribute to the advancement of science and society through the development of innovative technologies and providing high-quality products and services. In the core electron microscope business, the Group aims to become a global leader by becoming the most trusted partner for its customers around the world. The Group will therefore expand its lineup of solutions centered on electron beam technology and cultivate advanced fields with growth potential, such as life sciences, the environment and new energy, and new materials.

Spectral Solutions has conducted sales and services for Hitachi electron microscopes in the Nordic region for over 20 years since the days of its predecessor and has a strong business network in the region. Hitachi High-Tech Europe plans to further reinforce its electron microscope business in Europe, including the Nordic region, by acquiring all of the shares of Spectral Solutions and merging it into Hitachi High-Tech Europe. After the merger, Spectral Solutions will continue its operations as the Swedish branch of Hitachi High-Tech Europe.

The Hitachi High-Tech Group will continue its aim to "become the Global Top in high-tech solutions," and respond swiftly to the needs of customers and markets, working from the customer's perspective as a fast-moving creator of cutting-edge businesses.

Overview of Spectral Solution

Overview of Spectral Solution
Company name  Spectral Solutions AB
Location Lidingö, Sweden
Representative Mats Eriksson
Business Sales and servicing of scientific system products in Northern Europe
No. of employees 7
Establishment 2000
Paid-in capital 110,000 euros
Shareholding ratio Skraken Förvaltning AB 100%

Overview of Hitachi High-Tech Europe

Overview of Hitachi High-Tech Europe
Company name Hitachi High-Technologies Europe GmbH
Location Head office: Krefeld, Germany; branches: U.K., France, and Switzerland
Representative Yoshiyuki Ogura
Business Sales, import and export of medical equipment, electron microscopes, analytical equipment, industrial materials, and other components
No. of employees 117
Establishment 1964
Paid-in capital 3,130,000 euros
Shareholding ratio Hitachi High-Technologies Corporation 100%

About Hitachi High-Technologies Corporation

Hitachi High-Technologies Corporation, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including Science & Medical Systems, Electronic Device Systems, Industrial Systems, and Advanced Industrial Products.
The company's consolidated sales for FY2015 were approx. \629 billion [USD6 billion].
For further information, visit https://www.hitachi-hightech.com/global/

For Media Inquiries

Aiko Matsumoto, Shota Sano
CSR & Corporate Communications Dept., CSR Div.,
Hitachi High-Technologies Corporation
Tel: +81-3-3504-3258

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