Hitachi will buy GlobalLogic for $9.6 bn, including repayment of the debt. The latest acquisition is part of Hitachi’s portfolio overhaul as it aims to transform itself into a digital service firm from electronics hardware. It made a $7 bn acquisition of ABB’s power grid business in 2020. GlobalLogic, founded in 2000, has 20,000 workforces in 14 nations and offers software engineering services to 400 clients in automotive, healthcare, and finance.

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