Hitachi completed the acquisition of Joliet Electric Motor.

Hitachi, a highly diversified company, completed the acquisition of Joliet Electric Motor, which offers sales and maintenance services (repair and rebuild) for large motors in the North American energy and heavy industry sectors. Financial terms were not disclosed. "We are thrilled to continue our 57-year collaboration with Hitachi, Joliet Team. I believe by working together, we can offer important electrification solutions and create value for our customers in the heavy industries and energy market. Furthermore, I want to express my gratitude to Argosy on behalf of the whole Joliet Electric Motors team. We appreciate the 16 years of unwavering leadership and support," Tim Tibbott, Joliet Electric Motor CEO.