Hitachi completes $9.6 bn acquisition of GlobalLogic

Japan's Hitachi on Wednesday said that it has completed the acquisition of US-headquartered digital engineering services company GlobalLogic for $9.6 billion.

The acquisition will help the company expand digital operations in a number of businesses, including IT, energy, industry and mobility. Hitachi Global Digital Holdings, a US subsidiary of Hitachi, has acquired 100 per cent of the outstanding shares of GlobalLogic Worldwide Holdings, the parent company of GlobalLogic. "Hitachi aims to become a global leader in the social innovation business by accelerating digitsal transformation of social infrastructure by combining the innovativeness of GlobalLogic's advanced digital product engineering and experience design capabilities with the reliability that Hitachi has established in mission-critical fields," said Toshiaki Higashihara, Executive Chairman & CEO, Hitachi.