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Business deals

Hitachi to buy systems integrator JR Automation for $1.42bn

Japanese industrial conglomerate hopes to expand IoT business in North America

Hitachi's planned $1.42 billion purchase of JR Automation is the latest in a string of internet-of-things-related acquisitions in recent years.   © Reuters

TOKYO -- Hitachi will buy U.S. robotic system integrator JR Automation Technologies for $1.42 billion, the company said Wednesday.

The Japanese industrial conglomerate hopes to expand its internet of things business through the purchase of JR Automation, which has a strong customer base in North America's auto and aviation industries.

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