Investments
3Portfolio Exits
2Partners & Customers
6About Hitachi Zosen
Hitachi Zosen specializes in the design and construction of environmental systems, industrial plants, water treatment systems, industrial machinery, process equipment, infrastructure-related equipment, disaster prevention systems, and precision machinery.
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Latest Hitachi Zosen News
Sep 18, 2023
Hitachi Zosen to convert ship engines for green methanol Existing vessels will be able to use biofuel cleaner than heavy oil and LNG Hitachi Zosen is testing the fuel conversion technology on a ship engine at a plant in southern Japan. (Photo by Shimpei Nakamura) SHIMPEI NAKAMURA, Nikkei staff writer September 19, 2023 04:57 JST OSAKA -- Japanese engineering company Hitachi Zosen plans to develop technology to convert ship engines to run on green methanol, aiming to tap into rising demand for cleaner shipping fuels driven by the industry's push for decarbonization. Hitachi Zosen will work on the technology with Germany's Man Energy Solutions, which designs a number of engines currently manufactured by Hitachi Zosen. Existing engines that run on heavy fuel oil will be modified to also run on methanol while still installed on ships. Read Next
Hitachi Zosen Investments
3 Investments
Hitachi Zosen has made 3 investments. Their latest investment was in IDEOL as part of their Corporate Minority on June 6, 2017.
Hitachi Zosen Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/6/2017 | Corporate Minority | IDEOL | $9.02M | Yes | Amundi, Hitachi Zosen, and Siem Offshore | 1 |
7/28/2011 | Series B | |||||
4/28/2001 | Series C |
Date | 6/6/2017 | 7/28/2011 | 4/28/2001 |
|---|---|---|---|
Round | Corporate Minority | Series B | Series C |
Company | IDEOL | ||
Amount | $9.02M | ||
New? | Yes | ||
Co-Investors | Amundi, Hitachi Zosen, and Siem Offshore | ||
Sources | 1 |
Hitachi Zosen Portfolio Exits
2 Portfolio Exits
Hitachi Zosen has 2 portfolio exits. Their latest portfolio exit was Osmoflo on January 01, 2019.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
1/1/2019 | Acquired | 1 | |||
Date | 1/1/2019 | |
|---|---|---|
Exit | Acquired | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 1 |
Hitachi Zosen Acquisitions
1 Acquisition
Hitachi Zosen acquired 1 company. Their latest acquisition was Osmoflo on December 19, 2016.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
12/19/2016 | Corporate Majority | 1 |
Date | 12/19/2016 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Corporate Majority |
Sources | 1 |
Hitachi Zosen Partners & Customers
6 Partners and customers
Hitachi Zosen has 6 strategic partners and customers. Hitachi Zosen recently partnered with NGK Insulators on July 7, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
7/19/2023 | Vendor | Japan | NGK Insulators will continue to partner with BSES to further promote marketing and sales activities for NAS batteries as a large-capacity storage battery with a strong track record , contributing to the expansion of renewable energy introduction and realization of carbon neutrality globally . | 1 | |
5/23/2023 | Partner | ||||
5/9/2022 | Client | ||||
6/17/2020 | Partner | ||||
3/11/2015 | Partner |
Date | 7/19/2023 | 5/23/2023 | 5/9/2022 | 6/17/2020 | 3/11/2015 |
|---|---|---|---|---|---|
Type | Vendor | Partner | Client | Partner | Partner |
Business Partner | |||||
Country | Japan | ||||
News Snippet | NGK Insulators will continue to partner with BSES to further promote marketing and sales activities for NAS batteries as a large-capacity storage battery with a strong track record , contributing to the expansion of renewable energy introduction and realization of carbon neutrality globally . | ||||
Sources | 1 |
Hitachi Zosen Team
1 Team Member
Hitachi Zosen has 1 team member, including former Chief Financial Officer, Axel Greschitz.
Name | Work History | Title | Status |
|---|---|---|---|
Axel Greschitz | Chief Financial Officer | Former |
Name | Axel Greschitz |
|---|---|
Work History | |
Title | Chief Financial Officer |
Status | Former |
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