Osmoflo to Become Wholly Owned Subsidiary of Hitachi Zosen
2018年8月22日 - 11:00AM
ビジネスワイヤ(英語)
Hitachi Zosen (TOKYO: 7004) announced that it acquired
additional shares of Osmoflo Holdings Pty Ltd (hereinafter referred
to as Osmoflo), a global desalination and water treatment
subsidiary based in Australia, making the company a wholly-owned
subsidiary of Hitachi Zosen.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180821005747/en/
Rationale for the transaction
In February 2017, Hitachi Zosen acquired 70% of the outstanding
shares of Osmoflo, making it an affiliated company. With the
intension of strengthening the water treatment business which is
positioned as the core business at the long term business plan
“Hitz 2030 Vision”, Hitachi Zosen acquired the remaining 30 % of
Osmoflo shares from Marubeni Corporation (Head Office: Tokyo, Japan
/ President and CEO, Director: Fumiya Kokubu).
1.
Transferor
Marubeni Corporation
2.
Number of shares heldbefore
acquisition
1,096,517 stocks (Shareholder Voting Rights: 70%)
3.
Number of acquiredshares
469,937 stocks (Shareholder Voting Rights:
30%)
4.
Acquisition price
undisclosed
5.
Date of acquisition
Aug 21, 2018
6.
Number of shares heldafter acquisition
1,566,454 stocks (Shareholder Voting Rights: 100%)
Future perspective
Hitachi Zosen Group aims to expand its water business by
integrating Osmoflo’s advanced technologies focused principally on
the reverse osmosis membrane technology with own plant engineering
technology and experience accumulated in the Multi-stage Flash
method and aspire to make contribution to the world water
supply.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180821005747/en/
Hitachi Zosen CorporationMiki Nagahara, +81-6-6569-0013Shinsaku
Sugimoto, +81-3-6404-0802Ryo Kimura, +81-3-6404-0802Public Relation
SectionPR_section@hitachizosen.co.jpURL:
http://www.hitachizosen.co.jp/english/