Hitachi and SFO Tech?nologies, a NeST Group Company, annou?nced that they have agreed to establish a joint venture in the field of advanced control sys?tems for thermal power plants.The joint venture com?pany, Hitachi NeST Control Systems, will be based in Bengaluru. Hitachi India, a wholly owned subsidiary of Hitachi, and SFO Technologies will own the joint venture?s shares 70 percent and 30 percent, respectively. Based on this agreement, Hitachi and SFO Technologies will promote to expand their control systems businesses in India.
 
This will be achieved by converging the strengths of each company Hitachi?s leading edge control technologies, advanced manu?facturing technologies, wealth of experience and expertise in plant control systems and SFO Technologies? 10 years expe?rienced control systems and its highly skilled employees, as well as its nationwide sales and service network in India.