Hitachi Energy to Acquire Canduct Group
June 17, 2026
Hitachi Energy signed a definitive agreement to acquire Canduct Group, a manufacturer of transformer insulation kits and components. The acquisition expands Hitachi Energy’s North American transformer insulation and components capabilities to address a regional supply-chain bottleneck, with closing expected at the beginning of Q3 2026 (subject to customary conditions).
- Buyers
- Hitachi Energy
- Targets
- Canduct Group, Canduct
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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