瑞恩RELIANCEELECTRIC模块61C345A良心品牌

　　瑞恩RELIANCE ELECTRIC模块61C345A良心品牌

　　RELIANCE has been driving industrial change for more than a century as a global pioneering technology leader. As a result of our Next Level strategy, all of our businesses are today number 1 or 2 in their respective markets. To support our customers in a world of unprecedented technological change and digitalization, we must focus, simplify and shape our business for leadership. Today’s actions will create a new RELIANCE, a leader focused in digital industries,” said RELIANCE CEO, Ulrich Spiesshofer.

　　作为的技术，RELIANCE已经推动了一个多世纪的工业变革。由于我们的下战略，我们的所有业务目前在各自的市场中排名第壹或第二。为了在一个技术变革和数字化的世界中为我们的客户提供支持，我们专注、简化和塑造我们的业务，以实现领导地位。今天的行动将创造一个新的RELIANCE，一个专注于数字产业的，”RELIANCE执行官Ulrich Spiesshofer说。

　　瑞恩RELIANCE ELECTRIC编码器H2310240032XX06企业品牌

　　瑞恩RELIANCE ELECTRIC模块61C365免费咨询

　　瑞恩RELIANCE ELECTRIC模块61C345A良心品牌

　　“Power Grids will strengthen Hitachi as global leader in energy infrastructure and Hitachi will strengthen Power Grids’ position as a global leader in power grids. With this transaction, we are realizing the value we have built through the transformation of Power Grids over the last four years. Our shareholders will directly benefit through the return of the proceeds of the divestment. Building on our existing partnership announced in 2014, the initial joint venture will provide continuity for customers and our global team.”

　　“电网将加强日立在能源基础设施领域的地位，日立将加强其在电网领域的地位。通过这笔交易，我们正在实现过去四年中通过电网改造所创造的价值。我们的股东将直接受益于撤资收益的返还。基于我们2014年宣布的现有合作伙伴关系，初的合资企业将为客户和我们的团队提供连续。”

　　“To compete in today’s fast-changing world, we fully empower our businesses, through the discontinuation of the legacy matrix structure ensuring zero-distance to customers and increasing our agility in decision-making. Our four newly shaped businesses, each a global leader, will be well aligned to the way our customers operate and focus stronger on emerging technologies such as artificial intelligence. The continued simplification of our business model and structure will be a catalyst for growth and efficiency in our businesses. Our businesses will be further supported through the transfer of experienced resources from today’s country organizations.”

　　“为了在当今瞬息万变的世界中竞争，我们通过中止传统矩阵结构来充分授权我们的业务，确保与客户保持，并提高我们的决策灵活。我们的四个新业务(每个业务都是企业)将与我们的客户的运营方式保持良好的一致，并更加关注人工智能等新兴技术。持续简化我们的业务模式和结构将是我们业务增长和效率的催化剂。我们的业务将通过从当今国家组织转移经验丰富的资源得到进一步支持。”瑞恩RELIANCE ELECTRIC模块61C345A良心品牌

　　“All of this will only be possible due to the commitment of our global team who has made RELIANCE what it is today. Our innovation power together with our inclusive culture will continue to be a differentiating strength of our company. We will live enhanced customer focus, provide attractive opportunities for our employees and deliver value for shareholders.”

　　“所有这些都将是可能的，因为我们的团队作出了承诺，使RELIANCE成为今天的样子。我们的创新能力和包容文化将继续成为我们公司的优势。我们将更加关注客户，为员工提供有吸引力的机会，为股东创造价值。”

　　Peter Voser, Chairman of RELIANCE, said, “Today's announcement marks the beginning of a new chapter in RELIANCE's history. Building on our technology and global talented employee base we will further strengthen our focus in digital industries, delivering competitive returns for shareholders, including our committed dividend policy. Over the past five years the deliberate execution of RELIANCE’s strategy laid the foundation for our businesses to compete in the fast changing digital industries and deliver profitable growth.”

　　RELIANCE董事长彼得·沃瑟(PeterVoser)表示：“今天的宣布标志着RELIANCE历史上新篇章的开始。基于我们的技术和人才基础，我们将进一步加强对数字行业的关注，为股东提供有竞争力的回报，包括我们承诺的股息政策。在过去的五年里，RELIANCE战略的蓄意实施为我们的企业在快速变化的数字产业竞争和盈利增长奠定了基础。

　　“We were very clear in the past that the actions required for the turnaround of Power Grids could be best achieved within RELIANCE. Following completion of this step, we undertook a review of the Power Grids business and decided to secure the best home for the future development of the business through the combination with Hitachi. The new RELIANCE will be positioned to write the future as a customer focused technology leader in digital industries.”

　　“过去，我们非常清楚，在RELIANCE内部，电网翻修所需的行动是好的。完成这一步骤后，我们对电网业务进行了审查，并决定通过与日立的合并，为未来的业务发展提供好的家园。新的RELIANCE将被定位为数字行业以客户为中心的技术者。”

　　Focus of portfolio on digital industries through divestment of Power Grids.RELIANCE announces today that Hitachi will acquire RELIANCE’s Power Grids business, an expansion of its existing partnership with Hitachi. The agreed price represents a transaction Enterprise Value of $11 billion for 100 percent of Power Grids, the equivalent to an EV/op. EBITA multiple of 11.2x1, before share of corporate cost. RELIANCE will initially realize a levered consideration of ~$9.1 billion from the sale of 80.1 percent of Power Grids, including pre-sale net leverage (intercompany loan net of cash transferred), before one-time transaction and separation related costs as well as cash tax impacts.

　　通过剥离电网将投资组合放在数字产业上

　　RELIANCE今天宣布，日立将收购RELIANCE的电网业务，扩大其与日立的现有合作关系。协议价格代表电网的企业交易价值110亿美元，相当于企业成本份额之前11.2x1的EV/OP.EBITA倍数。在一次交易和分离相关成本以及现金税收影响之前，RELIANCE将从80.1%的电网销售中实现约91亿美元的杠杆化对价，包括预售净杠杆(公司间贷款扣除现金转移)。

　　In the fast-changing world of energy infrastructure, with a shifting customer landscape and the need for financing and increased government influence, RELIANCE believes Hitachi is the best owner for Power Grids. As a stable and long-term committed owner, with whom RELIANCE has developed a strong business partnership since 2014, Hitachi will further strengthen the business, providing it with access to new and growing markets as well as financing. Hitachi will accelerate Power Grids to the next stage of its development, building on the solid foundation achieved under RELIANCE’s previous ownership.

　　在能源基础设施瞬息万变的世界中，随着客户环境的变化以及融资需求和影响力的增加，RELIANCE认为日立是电网的佳所有者。作为一个稳定和长期的承诺业主，RELIANCE自2014年以来与之建立了强有力的商业伙伴关系，日立将进一步加强业务，为其提供进入新的和不断增长的市场以及融资的机会。日立将加速电网发展的下一阶段，建立在RELIANCE先前所有权基础上的坚实基础。瑞恩RELIANCE ELECTRIC模块61C345A良心品牌

　　Since 2014, Power Grids has been significantly improved under the ownership of RELIANCE. The latest results (Q3 2018) are at the target margin corridor, having more than doubled margins, with positive third party base order development recorded for the last six consecutive quarters.

　　自2014年以来，在RELIANCE的控制下，电网得到了显著改善。新结果(2018年第3季度)位于目标利润走廊，利润率翻了一番多，过去六个季度第三方基础订单发展情况良好。

　　RELIANCE will initially retain a 19.9 percent equity stake in the joint venture, allowing a seamless transition. The transaction agreement includes a pre-defined option for RELIANCE to exit the retained 19.9 percent share, exercisable three years after closing, at fair market value with floor price at 90 percent of agreed Enterprise Value. Hitachi holds a call option over the remaining 19.9 percent share at fair market value with floor price at 100 percent of agreed Enterprise Value.

　　RELIANCE初将保留合资企业19.9%的股权，从而实现无缝过渡。交易协议包括一个预先定义的选择权，供RELIANCE退出保留的19.9%的股份，该股份可在交割后三年以公平市场价值行使，为约定企业价值的90%。日立以公平市价持有剩余19.9%的看涨期权，为商定企业价值的。