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Hitachi Completes Acquisition Of Globallogic

Jul 14, 2021•over 4 years ago

Acquiring Company

Hitachi

Acquired Company

GlobalLogic

ChiyodaInformation Technology

Description

Hitachi, Ltd. (TSE: 6501, "Hitachi") today announced that it has completed the acquisition of GlobalLogic Inc. ("GlobalLogic") pursuant to the terms of the definitive agreement signed on March 31, 2021. As announced in the press release dated March 31, Hitachi Global Digital Holdings LLC ("HGDH"), a U.S. subsidiary of Hitachi, has acquired 100% of the outstanding shares of GlobalLogic Worldwide Holdings, Inc. ("GlobalLogic Worldwide Holdings"), the parent company of GlobalLogic, and GlobalLogic Worldwide Holdings and GlobalLogic have become wholly owned subsidiaries of HGDH.

Company Information

Company

Hitachi

Location

Chiyoda, Tokyo, Japan

About

Hitachi is a multinational conglomerate specializing in various sectors, including IT services, social infrastructure, and AI innovations. The company aims to create a ‘Harmonised Society’ by balancing environment, wellbeing, and economic growth. Hitachi is focused on harnessing domain expertise to drive advancements in AI-driven technologies. The Hitachi Group operates across multiple global markets, enhancing its offerings through strategic acquisitions.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed