In brief

Hitachi to buy engineering firm Aqua Works

HITACHI Ltd on Monday said that it plans to acquire Singapore engineering company Aqua Works and Engineering Pte Ltd, which specialises in water-related installations for commercial facilities, public spaces and residential properties in Singapore. The purchase price was not disclosed. Aqua Works made sales of S$9.07 million in fiscal 2013, Hitachi said. The purchase is expected to be completed by end-January 2015. Hitachi aims to combine Aqua Works' water features with Hitachi's reverse osmosis membrane systems, used during water treatment. At the same time, Hitachi will leverage Aqua Works' customer base in South-east Asia, it said.

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