OKI, Hitachi, and Hitachi Channel Solutions have announced that they have reached agreements to integrate their automated equipment businesses, including ATMs, and to establish a joint venture company for this purpose.
Under the terms of the Integration Agreement, OKI will transfer its business responsible for the development and production of automated equipment, including ATMs, to Hitachi Channel Solutions, a wholly owned subsidiary of Hitachi, through an absorption-type split.
Following this transfer, OKI will acquire a portion of Hitachi Channel Solutions’ shares, resulting in the establishment of a joint venture.
The planned ownership structure will be 60% for OKI and 40% for Hitachi.
“We will provide various hardware devices of automated equipment, including ATMs, which are essential social infrastructure, in a more continuous and stable manner. At the same time, we will further enhance our solutions and services that pursue added value for customers and expand our channel business based on additional customer touchpoints,”
the companies said.
The companies confirmed that sales activities for ATM-related equipment and services will continue under the existing framework, with OKI, Hitachi, and their respective sales subsidiaries maintaining operations within their own organisations.
Subject to approval by the Japan Fair Trade Commission and other relevant authorities, the companies aim to commence operations as the Joint Venture Company from 1 October 2026.
Featured image credit: Hitachi