Hitachi Ltd. said Wednesday it will fully acquire U.S. software engineering firm GlobalLogic Inc. for $9.6 billion (about ¥1 trillion) to boost its information technology business in overseas markets.
With the deal, the Japanese industrial conglomerate is aiming to globally accelerate digitalization in its railway, energy, health care and other businesses. It plans to complete the acquisition of the California-based firm by the end of July pending regulatory approval.
"We will speed up our IT business on a global basis and provide new values to our clients," Hitachi CEO Toshiaki Higashihara said in an online news conference, adding the acquisition will bring synergy to the company's domestic IT solution business.