NTT DATA Corporation (NTT DATA) and Mitsubishi Heavy Industries, Ltd. (MHI) have concluded a share transfer agreement and shareholders agreement based on their basic agreement, announced on March 30, relating to establishment of a new company to be derived from MHI Information Systems Co., Ltd. (MHIIS), a wholly owned MHI subsidiary.

As a result of the two newly concluded agreements, all business operations currently carried out by MHIIS will be transferred to the preparatory company earlier established by MHI, after which 51% of the new entity’s shares will be acquired by NTT DATA. The new company will launch on October 1 under the corporate name “NTT DATA MHI Systems Corporation.”

NTT DATA’s Masanori Shiina (former Representative Director and Senior Executive Vice President of NTT DATA) will take office as the new company’s president. Through application of the NTT DATA Group’s technological and organizational strengths, coupled with its abundant track record in network services and system integration operations, NTT DATA MHI Systems will enhance the MHI Group’s IT service capabilities–including IT infrastructure building, operation and maintenance, and business application development–and bring added speed and efficiency to reinforcement of its global response capabilities.