Hitachi Buys Indian Pay Processor As Part Of $3B Push

Law360, New York (November 26, 2013, 6:32 PM EST) -- Hitachi Ltd. agreed to a share transfer buyout of ATM provider Prizm Payment Services Pvt. Ltd. for an undisclosed amount, as the Japanese company expands deeper into India, Hitachi said Tuesday.

Hitachi wants to triple its current investments of about $1 billion in India to 300 million yen ($2.96 billion) by 2015-16, the company said. It's tapping into India's robust information technology market, which is projected to grow by more than 10 percent per year during the next five years, driven by the country's rapid economic...
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