Fishers company acquired by Hitachi
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Multi-national conglomerate Hitachi Ltd. has acquired Fishers-based Flexware Innovation Inc., an engineering company that helps companies integrate software with advanced manufacturing systems. Terms of the deal were not disclosed.
Hitachi says the purchase will allow it to further develop globally its proprietary Total Seamless Solution. The Japanese company says the process helps remove digital, physical and operational boundaries that can exist between the production floor and the executive level. The company says similar problems can also develop between the supply chain and end-users.
The parent company says Flexware Innovation will be a part of its Hitachi Industrial Holdings Americas group that includes Chicago-based Sullair Inc.
Sullair manufactures air compressors for construction and industrial applications. It was founded in Michigan City and its main manufacturing facility remains there. Hitachi acquired the company in 2017 and relocated the headquarters to Illinois.
Flexware Innovation was founded in 1996 and serves a variety of industries, including life sciences, food and beverage, and utilities.