Hitachi, Ltd. announced that it has completed the acquisition procedure for an emerging IT company in the United States.
The purchase price is more than 1 trillion yen, and the aim is to capture the rapidly expanding demand for digitalization in the world and further strengthen the IT-related business, which is positioned as a pillar of earnings.
Further strengthen IT-related business
According to the announcement, Hitachi has acquired all the shares of the emerging IT company "Global Logic" based in Silicon Valley, USA, and completed the acquisition procedure on the 14th.
It will be a large-scale acquisition of 9.6 billion dollars and more than 1 trillion yen in Japanese yen.
The company to be acquired is a company that was founded in 2000 and specializes in digital technology, and develops commercial software for companies such as telecommunications, finance, and automobiles.
Hitachi aims to capture the rapidly expanding demand for digitalization around the world and further strengthen its IT-related businesses, which are positioned as pillars of earnings, including the IoT that connects things and the Internet.
Hitachi Chairman Toshiaki Higashihara commented, "By combining the innovation of the company to be acquired with the reliability that Hitachi has cultivated, we will promote DX = digital transformation of social infrastructure."