21.12.12
Hitachi acquires The Railway Engineering Company
Source: Mikey B
Following on from the Siemens acquisition of Invensys Rail, here we have another UK-based rail technology company now falling into foreign hands. It would seem that many of our high-tech companies are presently valued quite low, making them easy takeover targets.
Incidentally, how many Japanese companies have been acquired by European companies over the years? I cannot think of any, which makes me think that Tokyo might have a law that bars foreign involvement in any of their industries.
RE: Hitachi announces TRE acquisition