Add-on Acquisition • Utilities

Hitachi Acquires Horizon Nuclear Power

On November 26, 2012, Hitachi acquired utilities company Horizon Nuclear Power for 1.1B USD

Acquisition Context
  • This is Hitachi’s 1st transaction in the Utilities sector.
  • This is Hitachi’s 4th largest (disclosed) transaction.
  • This is Hitachi’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date November 26, 2012
Target Horizon Nuclear Power
Sector Utilities
Buyer(s) Hitachi
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target Company

Horizon Nuclear Power

Gloucester, United Kingdom
Horizon Nuclear Power is a British energy company with plans to construct new nuclear power facilities in the UK. Horizon is based in Gloucester and was established in 2009.
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Buyer Overview 1

Buyer

Hitachi

Tokyo, Japan

Category Company
Founded 1910
Sector Diversified
Employees282,743
Revenue 9.78T JPY (2025)
DESCRIPTION
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.

Hitachi is a multinational conglomerate that operates across various sectors, including information technology, infrastructure systems, social innovation, automotive systems, and more. The Company's diverse portfolio encompasses a wide range of products and services, such as power systems, industrial machinery, digital solutions, transportation systems, and healthcare solutions. Hitachi was founded in 1910 and is based in Tokyo, Japan.


Deal Context for Buyer #
Overall 5 of 22
Sector: Utilities 1 of 1
Type: Add-on Acquisition 5 of 16
Country: United Kingdom 1 of 1
Year: 2012 2 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-05 Hitachi Saihati Engineering Services Co.

Dammam, Saudi Arabia

Hitachi Saihati Engineering Services Co., Ltd. is a provider of an on-site services for special needs. It offers industrial chrome plating, plasma and HVOF, spraying, welding services and repair services to large and small electrical motors, transformers, and generators, including AC/DC motor rewind and repair, transformer overhaul and repair, and vibration analysis services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-21 Via Mechanics

Kanagawa-ken, Japan

Via Mechanics is a manufacturer of micro-drilling machines for printed circuit boards (PCBs) and provides global customers with a range of products including spindle drilling machines, laser drilling machines, and pattern edging lithography equipment (exposure machines). Via Mechanics was founded in 1968 and is based in Kanagawa-ken, Japan.

Sell -