Hitachi has completed the $9.6 billion deal to acquire IT services company GlobalLogic that has more than 21,000 professionals working in engineering centers, and design studios.
GlobalLogic specializes in advanced digital engineering, experience design, and data services to help clients accelerate innovation and the development of new digital products and experiences.
The acquisition of GlobalLogic will enhance Hitachi Group’s ability to deliver on its strategy to promote Social Innovation Business through digital technology.
In addition, Hitachi will be able to further accelerate the digital transformation of social infrastructure on a global scale by expanding its core Lumada digital solutions business globally.
GlobalLogic’s capabilities combined with Hitachi’s Lumada will enable GlobalLogic to deploy Hitachi’s digital solutions to the global market and help customers and societies solve their issues through agile application development in the cloud.
Hitachi expects collaboration between GlobalLogic and Hitachi’s five sectors — IT, Energy, Industry, Mobility, Smart Life, and its automotive systems business (Hitachi Astemo) will add value to its wide range of products, adding advanced digital technologies, and creating new Lumada solutions.
Toshiaki Higashihara, Executive Chairman and CEO, Hitachi, said: “Hitachi aims to become a leader in the social innovation business by accelerating digital transformation of social infrastructure.”
Hitachi’s revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide.