OKI and Hitachi Form Joint Venture for ATM and Automated Equipment Business Integration
OKI and Hitachi have agreed to integrate their automated equipment businesses, including ATMs, establishing a joint venture company. OKI will transfer its ATM-related business to Hitachi Channel Solutions, a Hitachi subsidiary, and acquire a 60% stake in the new venture. The joint venture aims to enhance ATM services and support digital transformation in the financial sector. Operations are expected to begin on October 1, 2026, pending regulatory approvals.
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OKI Electric and Hitachi have announced a business integration concerning automated equipment, including ATMs, forming a joint venture. OKI will transfer its ATM business to Hitachi Channel Solutions and acquire a 60% ownership stake in the joint venture.
The integration aims to enhance service structures for financial, retail, and transportation markets and respond to the evolving role of ATMs amid cashless payment trends. Operations are set to begin on October 1, 2026, after obtaining necessary regulatory approvals. The joint venture will target growth in Japan and internationally, particularly in ASEAN, India, North America, and MEA, focusing on advanced ATM functionalities and automation solutions.
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