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IHI Corporation announced the merger of Diesel United, Ltd., Niigata Power Systems Co., Ltd., and IHI's Power System Plants for Land Business Unit into a new wholly owned subsidiary, IHI Power Systems Co., Ltd., effective July 1, 2019.
“Those organizations shall be integrated as a new company aiming for more efficient operations providing the best solutions with synergy effects.”ihi.co.jp
Summarized from public sources; check the original articles before acting on it.