Hitachi Completes Acquisition Of Globallogic
07/14/21, 12:14 AM
Location
chiyodaIndustry
information technology
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.
Company Info
Location
Chiyoda, Tokyo, Japan
Company info
Hitachi Rail is at the forefront of the global mobility sector and has completed the €1,660m acquisition of Thales’ Ground Transportation Systems (GTS) business. The acquisition expands Hitachi Rail's global presence to 51 countries with the majority of its revenues now coming from higher-return signalling and systems. The combined business' revenues reached €7.3bn in FY23, aligning with Hitachi Rail's sustainable growth strategy with a focus on mega trends of digitalisation and sustainability transformation.
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