February 25, 2010 (FinancialWire) — Hitachi, Ltd. (NYSE: HIT) (TOKYO: 6501) said that two group companies that are part of the Information & Telecommunication Systems company—Hitachi Software Engineering Co., Ltd. and Hitachi Systems & Services, Ltd.—have agreed to merge on October 1 to form Hitachi Solutions, Ltd.

The company said that the primary goal for the merger is to strengthen marketplace competitiveness by enhancing systems solutions-providing capabilities through the harnessing of both companies’ management resources.

Hitachi introduced an in-house company system on October 1, 2009 and launched the Information & Telecommunication Systems Co. under which it placed four companies, namely Hitachi Software Engineering, Hitachi Systems & Services, Hitachi Information Systems, Ltd. and Hitachi Electronics Services Co., Ltd., as well as their respective consolidated companies.

The company said that the merger will give the new company a wider range of business know-how and experience in all business sectors.

Tokyo-based Hitachi, Ltd. is an electronics company with around 400,000 employees worldwide.

Hitachi Software Engineering is a software development company that employs over 7,000 people worldwide. It provides mainly basic software for large-scale systems and networks for government agencies as well as the financial, insurance, and securities industries.

Hitachi Systems & Services was established in 1978 in the Hitachi Group and is a provider of systems integration services.

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