OKI and Hitachi forge strategic ATM partnership. The two Japanese industrial giants have agreed to establish a joint venture combining their automated equipment businesses, including ATM development and production. OKI will hold a 60% stake while Hitachi retains 40% ownership. Through an absorption-type split, OKI's automated equipment division will transfer to Hitachi Channel Solutions before the joint venture formation. The companies aim to enhance service continuity and stability for essential financial infrastructure while expanding customer solutions. Operations are scheduled to begin October 1, 2026, pending approval from Japan's Fair Trade Commission and other regulatory authorities. The venture will maintain existing sales frameworks across both organizations' subsidiaries.
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