Will acquire 76% of Micro Clinic shares, plans to rename the company as Hitachi Systems Micro Clinic Pvt. Ltd
Hitachi Systems and Micro Clinic India Pvt. Ltd. have concluded a share purchase agreement and shareholders’ agreement to bolster the IT services business in India.
Hitachi Systems will acquire approximately 76% of Micro Clinic shares and rename the company as Hitachi Systems Micro Clinic Pvt. Ltd. Besides, Hitachi Systems and Micro Clinic will implement procedures aimed at completing the share transfer by the end of March 2014.
Hitachi aims to grow revenues in India by nearly 3 times to 300 billion yen by the fiscal year ending March 31, 2016, compared with the fiscal year ended March 31, 2012. With 15 business sites in major cities across India, and approximately 150 satellite offices, Micro Clinic provides a broad range of IT services centered on the supply of IT platforms and maintenance services.
Hitachi Systems and Micro Clinic have agreed that Hitachi Systems shall convert Micro Clinic into a Group company. Hitachi Systems and Micro Clinic will provide Indian enterprises, Japanese companies and other foreign-affiliated companies in India with one-stop services extending from procurement of IT equipment to systems design and, integration, operation and maintenance.
Naoya Takahashi, President and CEO, Hitachi Systems, said, “We will expand innovative IT services to all of India-services that will fuse Micro Clinic’s business sites, and its abundant personnel, technologies and know-how, with Hitachi Systems’ virtualization and cloud services; managed services such as data center monitoring and operations; and security services. In doing so, we seek to contribute to the development of India’s economy, which continues to show remarkable growth.”
Tarun Seth, MD, Micro Clinic India Pvt. Ltd., said, “By combining Hitachi Systems’ advanced technological capabilities with Micro Clinic’s human resources and robust customer and heterogeneous product partner platforms, we hope to create new value and supply unique services that will support customers’ business innovation needs.”
