IN BRIEF: Hitachi completes acquisition of Omnicom from Balfour Beatty

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Hitachi Ltd - Tokyo-based conglomerate involved in technology, renewable energy, healthcare and infrastructure services - Completes the acquisition of digital rail monitoring business Omnicom from Balfour Beatty PLC, the London-based infrastructure group operating in construction services, support services and infrastructure investments. Hitachi says strategic acquisition supports the growth of Hitachi Rail’s HMAX digital asset management platform. The solutions and technology acquired include software and hardware for surveying, inspecting and monitoring rail infrastructure assets including the overhead line and the track.

Current Hitachi share price: JP¥4,415, closed down 3.2% in Tokyo on Monday

12-month change: up 54%

Current Balfour Beatty share price: 549.50 pence, closed up 1.4% in London on Monday

12-month change: up 41%

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