ABB, a global technology company, has reached an agreement to divest to Hitachi, Ltd. (Hitachi) its remaining 19.9 percent equity stake in the Hitachi Energy joint venture that was formed from ABB’s Power Grids business in 2020, with Hitachi holding a stake of 80.1 percent. Hitachi has exercised its call option that was agreed between…
Hitachi, Ltd. and Hitachi Vantara, the digital infrastructure, data management and analytics, and digital solutions subsidiary of Hitachi, announced Hitachi has been named a Leader in 2021 Gartner Magic Quadrant for Industrial IoT Platforms for the second consecutive year. The Leader placement is based on Gartner evaluation of the Lumada portfolio of solutions and services,…
Hitachi, Ltd. announced that it established a second fund for Hitachi Ventures (HV), the corporate venture capital (CVC) arm of Hitachi. The second fund will make strategic investments in innovative startups, particularly in the growth fields of environment and healthcare. Hitachi established HV in 2019 and launched the first fund, which has been investing in…
Hitachi, Ltd. announced that it has completed the acquisition of GlobalLogic Inc. 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, a U.S. subsidiary of Hitachi, has acquired 100% of the outstanding shares of GlobalLogic Worldwide Holdings, Inc., the…
Hitachi announced that it will acquire GlobalLogic, a leading US-based digital engineering services company. The acquisition is based on the definitive agreement between Hitachi Global Digital Holdings Corporation (HGDH), a North American subsidiary, an SPC established by HGDH for the acquisition and GlobalLogic Worldwide Holdings, Inc., the parent company of GlobalLogic. The transaction is subject…
Hitachi and its digital infrastructure and solutions subsidiary Hitachi Vantara announced that Hitachi was named a Leader in the 2020 Gartner Magic Quadrant for Industrial IoT Platforms based on Gartner Inc.’s evaluation of the company and its Lumada IoT software. Hitachi also received the highest placement in the 2020 Leaders quadrant for ability to execute.…
Hitachi Vantara, a wholly owned subsidiary of Hitachi, recently announced that it’s board of directors recently announced that it has appointed former Cognizant executive Gajen Kandiah as Chief Executive Officer, effective July 13, 2020. Toshiaki Tokunaga, the current CEO and Chairman of the Board of Hitachi Vantara, will transition responsibilities to Kandiah through Oct. 1,…
Hitachi, Ltd. and JR Automation Technologies, LLC (CEO: Bryan Jones, “JR Automation”) announced that Hitachi has completed the acquisition of the robotic SI business mainly operated by JR Automation from funds managed by Crestview Partners (“Crestview”). The agreement to acquire JR Automation was announced on April 23, 2019 (EST) and the companies are pleased to…
Hitachi, Ltd. the Japanese multinational conglomerate company headquartered in Tokyo, today announced that it has decided to acquire the world-leading power grids business from Switzerland based ABB Ltd and has signed an agreement with ABB. The firm plans to initially acquire an 80.1% stake in the Power Grids business and expects to close the acquisition…