Hitachi and KTEG in electric machinery joint venture
Friday, October 26, 2018 - 11:41
Companies set up new business to develop electric construction equipment for European market
HITACHI Construction Machinery and their German dealer KTEG Kiesel Technologie Entwicklung GmbH have formed a new joint-venture company to develop electric construction machinery and special application products for further expansion of the European market.
The new firm – EAC European Application Center – will be based in Stockstadt am Rhein, Hessen, Germany, headed by KTEG president Toni Kiesel (left of photo).
The joint-venture company draws upon Hitachi’s long-standing expertise on electric technology and manufacturing capability, and combines this with KTEG’s technical know-how for regulating and commercializing electric construction machinery in the European market.
Hitachi Construction Machinery have delivered more than 100 wired electric excavators to date, mostly in Japan, and supplied wired electric ultra-large hydraulic excavators to mines. The Japanese manufacturer has also previously developed battery-powered excavators, starting with the ZX70B model back in 2006.
KTEG have developed large demolition specification equipment and other special application products based on Hitachi excavators. The new joint venture is 49.9% owned by Hitachi Construction Machinery and 50.1% by KTEG.