Chiyoda Corporation (Chiyoda) is pleased to announce that it will merge three group companies, Chiyoda
Kosho Co. Ltd, Chiyoda System Technologies Corporation and Chiyoda TechnoAce Co. Ltd, to establish
‘CHIYODA X-ONE Engineering Corporation’ (Company), based at our Koyasu Office and Research Park
in Yokohama, as of 1 April 2023. The name of the Company includes ‘Engineering’ as our core business
and ‘X-ONE’ in reference to the combination of Transformation (X) and ‘One Team’ (ONE), representing
‘transformation through Chiyoda Technology x One Team’.
Following the merger, Chiyoda Kosho Co. Ltd will operate as the Company's ‘Energy, Environment &
Maintenance Business Division’, Chiyoda System Technologies Corporation will function as its
‘Instrumentation & Electrical Solutions Business Division’ and Chiyoda TechnoAce Co. Ltd will operate as
its ‘Life Science Business Division’. The Company is committed to optimizing the technological capabilities,
experience and track record accumulated by the three organizations to progress as a sustainable leading
integrated engineering contractor, possessing the comprehensive technologies required for the
engineering, procurement, and construction (EPC) of industrial plants and facilities and develop its
maintenance engineering (ME) business.
Prior to the merger, Chiyoda will reorganize its plant operation and maintenance solution and digital
transformation business organizational functions to launch a new ‘O&M Transformation Solution Business
Department’ as of 1 January 2023, supporting clients to ‘maintain and sustain the safety and security of
their operations and flexibly adjust to environmental changes’. By combining the engineering capabilities
of ChAS services*1 and advanced digital technologies such as EFEXISTM *2 and O&M MotherTM *3 with
Group company experience, the new department will accelerate the provision of competitive solutions,
supporting Transformation (X) of client Operation and Maintenance (O&M) activities from both a cyber and
Chiyoda will collaborate with the Company, other Group companies and business partners in implementing
its growth strategy in the new business portfolio innovations of life science, next-generation power systems,
carbon neutrality and plant operation and maintenance solutions, as well as traditional energy sectors.
While continuing to contribute to resolving society’s challenges, Chiyoda is proactively responding to
changes in the business environment and aiming to strengthen as a consolidated group.