Hitachi to buy U.S. software developer GlobalLogic for $9.6 billion

By Makiko Yamazaki and Sam Nussey
FILE PHOTO The logo of Hitachi is seen at an office building in Zurich Switzerland September 10 2020. REUTERSArnd WiegmannFile Photo

FILE PHOTO: The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. REUTERS/Arnd Wiegmann/File Photo

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

The acquisition is part of Hitachi's ongoing business portfolio overhaul, which includes the $7 billion acquisition of ABB Ltd's power grid business last year and a series of divestitures of its domestic hardware subsidiaries.

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