Hitachi to buy US software developer GlobalLogic for US$9.6b

Hitachi to buy US software developer GlobalLogic for US$9.6b

The Edge Markets - World·2021-04-01 05:12

Hitachi's stock tumbled 7% on the Tokyo Stock Exchange — the biggest fall in more than a year — on the big ticket deal.

TOKYO (March 31): Hitachi Ltd said on Wednesday it will buy US software company GlobalLogic Inc for US$9.6 billion, including repayment of debt, as the Japanese industrial conglomerate pivots from electronics hardware to digital services.

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