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Business deals

Hitachi to enhance digital operations with $5bn tech unit takeover

Japanese conglomerate enters final stage of decadelong reorganization

Hitachi High-Technologies makes such devices as electron microscopes. (Photo courtesy of Hitachi High-Technologies)

TOKYO -- Hitachi will convert the unit Hitachi High-Technologies into a wholly owned subsidiary through a tender offer worth almost $5 billion, the company said Friday.

"We will be able to enhance our digital operations through the addition of measuring instruments and analytical systems," Hitachi Executive Vice President Keiji Kojima said Friday, explaining the aim of the buyout.

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