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Hitachi to buy GlobalLogic in $9.6bn deal

Wed 31 March 2021 11:34 | A A A

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(Sharecast News) - Hitachi has agreed to buy US digital engineering services company GlobalLogic in a $9.6bn deal.

The Japanese company said on Wednesday that it expects the addition of GlobalLogic's advanced digital engineering capabilities and its solid client base, including major technology companies, to strengthen the digital portfolio of Lumada, which is its "advanced digital solutions and services for turning data into insights that drive digital transformation of social infrastructure".

The acquisition will create synergies across Hitachi's five sectors - IT, Energy, Industry, Mobility and Smart Life - and automotive systems business (Hitachi Astemo) by accelerating the advanced digital transformation of social infrastructure such as rail, energy, and healthcare at a global scale, it said.

Hitachi chief executive Toshiaki Higashihara 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 realise our goal to be the leading digital transformation innovator in social infrastructure worldwide."

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