1336 — Hitachi and NEC to establish a joint venture company specializing in backbone routers/switches

Jun 25, 2004 | Conteúdos Em Ingles

Hitachi and NEC Corporation have agreed to join forces in the business of backbone routers/switches for networks of telecommunications carriers, government and public sectors and large corporations. Under the terms of this agreement, Hitachi and NEC will establish, next October in Tokyo, a 5.5 billion yen’s company, with 350 employees from both companies.

The new company will supply products to Hitachi and NEC respectively, and the two companies will market them to their individual clients. Hitachi and NEC will strongly promote system integration offerings using the new company’s products by effectively combining servers with network equipment. The new company will also market its products through its business partners under the new company’s own brand name. Hitachi will own 60% of this joint venture company while NEC will hold 40%.


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