ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan's Alsok to buy Hitachi Security Service

Expansion plans also include joint venture with NTT security unit

TOKYO -- Sohgo Security Services, better known as Alsok, has agreed to purchase rival Hitachi Security Service, part of efforts to expand its customer base.

Alsok will acquire 90% of outstanding shares of the Hitachi group company on Feb. 1 for several billion yen. The Hitachi unit, which primarily offers security services for group companies, recorded sales of 8.14 billion yen ($71.3 million) in the year ended March 2016.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more