Tokyo - Japan's crisis-stricken industries are signs of a breakthrough
major merger.
The largest conglomerate in the country, Hitachi, and the leading
manufacturer of heavy equipment, Mitsubishi Heavy Industries
considering sources said the merger of their core business. So is the
creation of a global heavyweight in competition with General Electric
or Siemens before, with annual sales of $ 150 billion in 2013.
The two companies have entered into discussions about the combination
of critical infrastructure and information technology businesses, said
three people familiar with the negotiations said Thursday. A merger of
two of the oldest groups in the country could initiate much needed
consolidation in Japan's industry. So far, Japanese companies have
shied away before.
"This is a historic event, if it should prove true," said analyst
Fujido Ando of Chibagin Asset Management. "If they enforce this and
form a new group of several other companies that deserves high
praise." One such step has so far been extremely difficult to
implement than in Japan. A merger could help the economy of the
country, however, fund managers said Kiyoshi Noda of MU Investments.
"You would have to compete not against each other when they are
looking for international infrastructure projects. This increases
their chances."
