This acquisition will create synergies across all of Hitachi’s sectors, namely, Energy, IT, Mobility, Industry, and Smart Life.
HITACHI will soon acquire Global Logic, a digital engineering company. The deal is based on a definitive agreement among Hitachi Global Digital Holdings Corporation (HGDH), a U.S. subsidiary, for the acquisition, and GlobalLogic Worldwide Holdings, Inc., which is the parent company of GlobalLogic. The transaction is subject to regulatory approvals and expected to go through by the end of July 2021.
This acquisition will create synergies across all of Hitachi’s sectors, namely, Energy, IT, Mobility, Industry, and Smart Life. This also includes Hitachi Astemo, the automotive systems business by accelerating the digital transformation of social infrastructure such as healthcare, rail, and energy, at a global scale.
GlobalLogic is a leading company in the digital engineering services market, with its headquarters in Silicon Valley, USA. They have 20,000 professionals working for them across 14 countries. GlobalLogic works in the space of design studios and software product engineering centers around the world.
Source: Business World