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Hitachi, Ltd. is a Japanese multinational engineering and electronics conglomerate company headquartered in Chiyoda, Tokyo, Japan.
Hitachi was founded in 1910 by electrical engineer "Namihei Odaira". The company's first product was Japan's first 5-horsepower electric induction motor, initially developed for use in copper mining. Odaira's company soon became the domestic leader in electric motors and electric power industry infrastructure.
Hitachi entered talks with Mitsubishi Heavy Industries in August 2011 about a potential merger of the two companies, in what would have been the largest merger between two Japanese companies in history. In November 2012, Hitachi and Mitsubishi Heavy Industries agreed to merge their thermal power generation businesses into a joint venture to be owned 65% by Mitsubishi Heavy Industries and 35% by Hitachi. The joint venture is planned to begin operations in 2014.
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