BERLIN -- Hitachi will need to include mergers and acquisitions to achieve its goal of raising sales from the company's railway business to 1 trillion yen ($9.92 billion) in the early 2020s, top executives told The Nikkei at a transport technology trade fair being held in the German capital this week.
Hitachi expects current production sites in Japan, the U.K. and Italy to lift sales only to between 700 billion and 800 billion yen. The gap will be closed via M&A deals, President Toshiaki Higashihara said at the InnoTrans international trade fair. Though details remain to be decided, Hitachi looks to purchase rolling stock or other related businesses.
