Jul. 31, 2017
NTT DATA CORPORATION
Mitsubishi Heavy Industries, Ltd.
Tokyo, July 31, 2017 - NTT DATA Corporation (NTT DATA) and Mitsubishi Heavy Industries, Ltd. (MHI) have concluded a share transfer agreement and shareholders agreement based on their basic agreement, announced on March 30, relating to establishment of a new company to be derived from MHI Information Systems Co., Ltd. (MHIIS), a wholly owned MHI subsidiary.
As a result of the two newly concluded agreements, all business operations currently carried out by MHIIS will be transferred to the preparatory company earlier established by MHI, after which 51% of the new entity’s shares will be acquired by NTT DATA. The new company will launch on October 1 under the corporate name “NTT DATA MHI Systems Corporation.”
NTT DATA’s Masanori Shiina (former Representative Director and Senior Executive Vice President of NTT DATA) will take office as the new company’s president. Through application of the NTT DATA Group’s technological and organizational strengths, coupled with its abundant track record in network services and system integration operations, NTT DATA MHI Systems will enhance the MHI Group’s IT service capabilities--including IT infrastructure building, operation and maintenance, and business application development--and bring added speed and efficiency to reinforcement of its global response capabilities.
Outline of the New Company
NTT DATA MHI Systems Corporation
13-34, Konan 2-chome, Minato-ku, Tokyo
Operation and maintenance of IT infrastructure, development of business applications, etc. for the MHI Group
¥40 million (NTT DATA: 51%, MHI: 49%)
October 1, 2017
About NTT DATA
NTT DATA is a leading IT services provider and global innovation partner headquartered in Tokyo, with business operations in over 50 countries. Our emphasis is on long-term commitment, combining global reach with local intimacy to provide premier professional services varying from consulting and systems development to outsourcing. For more information, visit www.nttdata.com.
About Mitsubishi Heavy Industries Group
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, is one of the world's leading industrial firms with 80,000 group employees and annual consolidated revenues of around 38 billion U.S. dollars. For more than 130 years, the company has channeled big thinking into innovative and integrated solutions that move the world forward. MHI owns a unique business portfolio covering land, sea, sky and even space. MHI delivers innovative and integrated solutions across a wide range of industries from commercial aviation and transportation to power plants and gas turbines, and from machinery and infrastructure to integrated defense and space systems.
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