What Does Hitachi's $9.6 Billion Acquisition Of GlobalLogic Tell Us? It's A Software-Driven World

Hitachi’s purchase of GlobalLogic will strengthen the digital portfolio of Lumada. GlobalLogic will be a growth engine for Lumada, possessing deep capabilities in software product engineering and vertical industry knowledge.

Japanese industrial giant Hitachi Ltd. announced today that it was acquiring GlobalLogic Inc., a privately held digital engineering services company based in Silicon Valley for $9.6 billion. The purchase price values the company’s shares at $8.5 billion, more than three times what they were worth just three years ago, with $1.1 billion allocated to paying off its debt. Canada Pension Plan Investment Board and Partners Group, the two largest shareholders in GlobalLogic, each stand to net $3.8 billion from the sale.

To read this news in details, please visit: https://www.forbes.com/sites/vijaygurbaxani/2021/03/31/what-does-hitachis-96b-acquisition-of-globallogic-tell-us-its-a-software-driven-world/

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