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Hitachi to acquire U.S. software firm GlobalLogic for $9.6 billion


Hitachi to acquire U.S. software firm GlobalLogic for $9.6 billion
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Hitachi Ltd. CEO Toshiaki Higashihara speaks during an online news conference on Wednesday. | HITACHI LTD. / VIA KYODO
Kyodo, Bloomberg
Apr 1, 2021
Hitachi Ltd. said Wednesday it will fully acquire U.S. software engineering firm GlobalLogic Inc. for $9.6 billion (about ¥1 trillion) to boost its information technology business in overseas markets.
With the deal, the Japanese industrial conglomerate is aiming to globally accelerate digitalization in its railway, energy, health care and other businesses. It plans to complete the acquisition of the California-based firm by the end of July pending regulatory approval. ....

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