Honda Motor Company to acquire vehicle components unit of Hitachi.

Honda Motor Company, a Japanese public multinational conglomerate, agreed to acquire and merge with the vehicle components unit of Hitachi, a Japanese multinational conglomerate company. Financial terms were not disclosed. “The merged company will be a mega supplier and will deliver competitive advanced technologies and solutions. We will leverage our strengths and our scale to expand globally,” Keiji Kojima, Hitachi Executive Vice President.