Hitachi Systems will buy 76 percent stake in Micro Clinic India to enhance the IT services business in India.
The company did not disclose the size of the acquisition.
Hitachi sees India as an important region in its global strategy and is stepping up development of the Hitachi Group’s Social Innovation Business in the country.
Hitachi aims to grow revenues in India by nearly three times to 300 billion yen in fiscal 2015-16 compared with 2011-12.
With 15 business sites in major cities across India, and approximately 150 satellite offices, Micro Clinic provides IT services centered on the supply of IT platforms and maintenance services. Micro Clinic is working to strengthen virtualization services, managed services and other services, with the aim of driving further business expansion.
Naoya Takahashi, president and CEO of 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.”
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.
Hitachi Systems Group is targeting consolidated revenues of 500 billion yen and an overseas sales ratio of 10 percent in fiscal 2015 under its medium-term management plan, and pursuing various measures to this end.