Hitachi Completes Acquisition of GlobalLogic
TOKYO, July 13, 2021 /PRNewswire/ -- Hitachi, Ltd. (TSE: 6501, "Hitachi") today announced that it has completed the acquisition of GlobalLogic Inc. ("GlobalLogic") pursuant to the terms of the definitive agreement signed on March 31, 2021.
- TOKYO, July 13, 2021 /PRNewswire/ -- Hitachi, Ltd. (TSE: 6501, "Hitachi") today announced that it has completed the acquisition of GlobalLogic Inc. ("GlobalLogic") pursuant to the terms of the definitive agreement signed on March 31, 2021.
- As announced in the press release dated March 31, Hitachi Global Digital Holdings LLC ("HGDH"), a U.S. subsidiary of Hitachi, has acquired 100% of the outstanding shares of GlobalLogic Worldwide Holdings, Inc. ("GlobalLogic Worldwide Holdings"), the parent company of GlobalLogic, and GlobalLogic Worldwide Holdings and GlobalLogic have become wholly owned subsidiaries of HGDH.
- The acquisition of GlobalLogic will enhance Hitachi Group's ability to deliver on its strategy to promote Social Innovation Business through digital technology to solve the issues faced by customers and society.
- Furthermore, Hitachi expects collaboration between GlobalLogic and Hitachi's five sectorsIT, Energy, Industry, Mobility, Smart Life, and its automotive systems business (Hitachi Astemo) will add tremendous value to its wide range of products, adding advanced digital technologies, and creating new Lumada solutions.