Hitachi Plant Tech to acquire 51% of LEC Asia

Hitachi Plant Tech to acquire 51% of LEC Asia
By Stella Lee | Posted: 14 June 2011 2238 hrs
     
SINGAPORE : Hitachi Plant Technologies has reached an agreement to acquire at least 51 per cent of the stock of Lightning Eliminators & Consultants (LEC) Asia to accelerate its lightning disaster-prevention business.

The acquisition will enable Hitachi to make full use of the resources of both companies in order to aggressively expand sales activities and increase orders in Southeast Asia, where lightning strikes are common.

LEC Asia holds intellectual property rights and exclusive sales rights for a lightning-protection equipment called Dissipation Array System (DAS) in Southeast Asia.

In addition to DAS, Hitachi Plant Technologies will also propose a comprehensive lightning disaster-prevention system.

This includes lightning disaster consulting services, and protection of machinery from lightning conducted through power sources and communication lines.

DAS has been introduced at more than 200 sites in Japan by Hitachi Plant Technologies.

- CNA/al

- wong chee tat :)