Detailed Description of Portfolio Companies of Fund IV
|Features||Hitachi Automotive Systems Measurement, Ltd. (HASM) develops, manufactures and sells instrumentation equipment and provides design, construction and maintenance services for energy stations and plants with the know-how of handling hazardous materials obtained in its longer than 80 years history since its inception. It is one of the handful players in Japan who can offer a full package of services to energy stations. Geographically HASM covers Japan and Asia and in Japan it focuses on the development of a variety of energy stations, including gasoline, CNG and hydrogen, as well as the construction business for private residence filling stations. All of these businesses have a top-level share in each segment.|
|Investment Pattern||Carve-out from Hitachi group
Share acquisition from Hitachi Automotive Systems, Ltd.
|Investment Theme||Polaris will help HASM establish the organizational set-up as a stand-alone entity and expand and solidify its business franchise. In order to achieve non-linear growth and maximize HASM’s enterprise value, Polaris will assist the implementation of various strategies such as development of a next generation service station which utilizes IoT technologies, establishment of business base in the growing hydrogen station market, capturing of demand for fuel filling facilities to serve reserve power generators at mobile phone base stations (as a part of BCP measures) and acceleration of overseas expansion mainly in Southeast Asia through supporting R&D investment and various alliance/M&A strategies.|