Hitachi Acquires GlobalLogic
July 14, 2021
Hitachi, Ltd., through its U.S. subsidiary Hitachi Global Digital Holdings (HGDH), acquired GlobalLogic, a Silicon Valley–headquartered digital engineering services firm, in a transaction announced March 31, 2021 and completed July 14, 2021. The deal valued GlobalLogic at $8.5 billion of equity ($9.5 billion enterprise value) and expands Hitachi's Lumada digital solutions capabilities by adding GlobalLogic's ~21,000 engineering and design professionals.
- Targets
- GlobalLogic, Inc.
- Industry
- IT Services
- Location
- California, United States
- Transaction Type
- Buyout
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