Hitachi will need to include mergers and acquisitions to achieve its goal of raising sales from the company’s railway business to 1 trillion yen (8.8 billion euros) in the early 2020s.
Hitachi expects current production sites in Japan, the U.K. and Italy to lift sales only to between 700 billion and 800 billion yen (6.1-7 billion euros). The gap will be closed via merger and acquisition deals, President Toshiaki Higashihara said.
Though details remain to be decided, Hitachi looks to purchase rolling stock or other related businesses.
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