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Business deals

Orix set to catch 5G wave with US acquisition

Japanese group sees opportunities in telecom and power maintenance

Japanese leasing company Orix has invested in a number of U.S. infrastructure companies.
Japanese leasing company Orix has invested in a number of U.S. infrastructure companies.   © Reuters

TOKYO --  Orix has bought a U.S. provider of maintenance for telecommunication, gas and power lines, aiming to position itself for a buildup in next-generation wireless networks and President Donald Trump's infrastructure plan.

The Japanese financial services group purchased Peak Utility Services through a U.S unit for an estimated several hundred million dollars.

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