Hitachi Announced Plans to Acquire GlobalLogic | Hitachi Announced Plans to Acquire GlobalLogicFinancial Buzz

Hitachi Announced Plans to Acquire GlobalLogic

Hitachi, Ltd. reported plans to acquire GlobalLogic Inc. The transaction is expected to close by the end of July 2021.  Hitachi will utilize GlobalLogic’s advanced digital engineering capabilities and client base to strengthen the digital portfolio of Lumada.  The acquisition will help synergize Hitachi across five sectors, IT, Energy, Industry, Mobility and Smart Life and automotive systems business.  This will be done by accelerating advanced digital transformation of social infrastructure, i.e. rail, energy and healthcare at a global scale.  Toshiaki Higashihara, President & CEO of Hitachi, said “The acquisition of GlobalLogic creates an exciting new opportunity for Hitachi to expand our offerings of Lumada solutions and services, provide value to customers in their digital transformation journey, and grow our Lumada business globally. The synergy of GlobalLogic’s leading experience design and innovation with Hitachi’s expertise in IT, operational technology, and products, will help us realize our goal to be the leading digital transformation innovator in social infrastructure worldwide. Together, we will create new social, environmental and economic value for our globally expanding client companies and elevate QoL (quality of life) for people through contributions to realize sustainable society.”

“Companies in every industry are transforming with digital technology – to better engage customers, create new revenue streams and drive a higher quality of life.” said Shashank Samant, President and CEO, GlobalLogic. “We have a tremendous opportunity ahead and we are excited to embark on this journey with Hitachi, combining our collective skills, technologies, and market presence to deliver greater value to our clients as they transform their businesses.”

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