Hitachi Data Systems Corporation, a wholly owned subsidiary of Hitachi, Ltd. (NYSE:HIT) (TSE:6501), today announced that it has completed the acquisition of Shoden Data Systems, a leading provider of data center technology solutions in South Africa and across sub-Saharan Africa. Shoden market leadership in South Africa, its strong customer base and industry expertise meet key criteria of the Hitachi Data Systems expansion strategy throughout the fast-growing African market. As part of Hitachi Data Systems, Shoden will continue to support and expand the customer relationships and partnerships that have helped it achieve success in the region. “Following a successful eleven year partnership, we are excited to bring Shoden Data Systems formally into the Hitachi Data Systems business,” said Niels Svenningsen, senior vice president and general manager, Hitachi Data Systems EMEA. “Across the globe we are helping customers transform aging data centers into information centers that closely align business objectives with infrastructure performance to optimize return on assets. We can now bring that experience and expertise to bear in a market with huge growth potential.” With the acquisition now complete, Hitachi Data Systems will be able to better serve its growing customer base throughout the African region by continuing to help customers reduce costs, carry out business innovation initiatives, improve service levels and deploy new applications and technologies more quickly and efficiently. The acquisition of Shoden also plays an important role in the global expansion of the Hitachi, Ltd. Social Innovation Business, which fuses information technologies – including those from Hitachi Data Systems – with innovative solutions to improve social infrastructure. Hitachi, Ltd. has identified South Africa as one of the key focus areas for its Social Innovation Business. With established subsidiaries in a number of African countries, including Nigeria, Ghana, Uganda and Tanzania, the acquisition of Shoden by Hitachi Data Systems bolsters the Hitachi, Ltd. capabilities across the region.
Hitachi (NYSE:HIT) hit a new 52-week high Tuesday as it is currently trading at $63.44, above its previous 52-week high of $63.17 with 8,582 shares traded as of 9:35 a.m. ET. Average volume has been 60,800 shares over the past 30 days.