Hitachi to buy U.S. software developer GlobalLogic for $9.6 billion
Hitachi announced it will purchase GlobalLogic for $9.6 billion. GlobalLogic’s expertise stretches from chips to cloud services and will extend the range of Hitachi’s own digital services business.
TOKYO (Reuters) – Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for $9.6 billion, including repayment of debt, as the Japanese industrial conglomerate pivots from electronics hardware to digital services.
The acquisition is part of Hitachi’s ongoing business portfolio overhaul, which includes the $7 billion acquisition of ABB Ltd’s power grid business last year and a series of divestitures of its domestic hardware subsidiaries.
To read this news in details, please visit: https://www.msn.com/en-ca/money/topstories/hitachi-to-buy-u-s-software-developer-globallogic-for-9-6-billion/ar-BB1f9b36?li=AAgh0dA