things technologies: The electronics giant plans to enhance its profitability mainly by focusing on internet of things technologies, as well as electricity and other energy-related operations, according to The Japan Times. As part of the moves, Hitachi said last December that it will acquire Swiss heavy machinery-maker ABB Ltd.'s power grid business. According to sources with knowledge of the matter, Hitachi is in contact with several businesses and investment funds to select a buyer of the unit. ; The company is set to accelerate the negotiations, and will sell the unit by the end of March next year if an agreement is reached, the sources said. On Wednesday it announced a plan to buy JR Automation Technologies LLC, a U.S. robotic system integrator. Based on that policy it has sold Hitachi Kokusai Electric Inc., which makes semiconductor-making equipment, and car navigation system maker Clarion. Meanwhile, Hitachi is speeding up the consolidation of group companies that are unlikely to generate synergies.
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