Hitachi is to take control of Unisia Jecs, a car parts maker affiliated with Nissan Motor, the Financial Times (FT) reported, saying that the deal highlights the growing role of electronics in the automotive sector.
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Hitachi will buy out Unisia Jecs’s main shareholders, including Nissan’s 25.3 per cent and Robert Bosch’s 10.1 per cent, in a share swap, the FT said. Hitachi already owns 16.7 per cent of the company, which is one of Nissan’s top suppliers of braking and steering systems, the newspaper added.
The FT said that Hitachi sees the automotive sector as a core business due to the growing importance of information technology and intelligent transport systems.
