StreetInsider.com News Articles

Hitachi Energy to acquire Canduct Group to expand transformer supply

Fri, 19 Jun 2026 12:13:49 -0400

Hitachi Energy announced a definitive agreement to acquire Canduct Group, an Ontario, Canada-based manufacturer of transformer insulation kits and components, in a move to expand its North American transformer insulation business.

The acquisition is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

Founded in 1982, Canduct serves original equipment manufacturers and repair companies across the U.S. and Canada. The company has supplied transformer insulation products to Hitachi Energy for more than two decades. The transaction will bring more than 300 Canduct employees into Hitachi Energy's operations.

"By acquiring Canduct Group, we are expanding

Hitachi Energy to acquire Canduct Group to expand transformer supply

Fri, 19 Jun 2026 12:13:49 -0400

The acquisition is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

"By acquiring Canduct Group, we are expanding

Hitachi Energy to acquire Canduct Group to expand transformer supply

Fri, 19 Jun 2026 12:13:49 -0400

The acquisition is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

"By acquiring Canduct Group, we are expanding

Hitachi Energy to acquire Canduct Group to expand transformer supply

Fri, 19 Jun 2026 12:13:49 -0400

The acquisition is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

"By acquiring Canduct Group, we are expanding

Hitachi Energy to acquire Canduct Group to expand transformer supply

Fri, 19 Jun 2026 12:13:49 -0400

The acquisition is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

"By acquiring Canduct Group, we are expanding

Hitachi Energy to acquire Canduct Group to expand transformer supply

Fri, 19 Jun 2026 12:13:49 -0400

The acquisition is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

"By acquiring Canduct Group, we are expanding

Hitachi Energy bolsters the regional transformer market with strategic investment in North America

Fri, 19 Jun 2026 08:15:00 -0400

Zurich, Jun 19, 2026 - (JCN Newswire) - - Hitachi Energy, a global leader in electrification, today announced a major expansion of its North American transformer insulation business through signing a definitive agreement to acquire Canduct Group. The investment addresses a critical bottleneck in the region's transformer supply chain by expanding the company's North America regional insulation and components capabilities, strengthening resilience, and accelerating the delivery of essential grid infrastructure.

Hitachi Energy's acquisition of Canduct is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

Canduct, headquartered in Ontario, Canada, is

Hitachi Energy bolsters the regional transformer market with strategic investment in North America

Fri, 19 Jun 2026 08:15:00 -0400

Hitachi Energy's acquisition of Canduct is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

Canduct, headquartered in Ontario, Canada, is

Hitachi Energy bolsters the regional transformer market with strategic investment in North America

Fri, 19 Jun 2026 08:15:00 -0400

Hitachi Energy's acquisition of Canduct is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

Canduct, headquartered in Ontario, Canada, is

Hitachi Energy bolsters the regional transformer market with strategic investment in North America

Fri, 19 Jun 2026 08:15:00 -0400

Hitachi Energy's acquisition of Canduct is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

Canduct, headquartered in Ontario, Canada, is

Hitachi Energy bolsters the regional transformer market with strategic investment in North America

Fri, 19 Jun 2026 08:15:00 -0400

Hitachi Energy's acquisition of Canduct is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

Canduct, headquartered in Ontario, Canada, is

Hitachi Energy bolsters the regional transformer market with strategic investment in North America

Fri, 19 Jun 2026 08:15:00 -0400

Hitachi Energy's acquisition of Canduct is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.

Canduct, headquartered in Ontario, Canada, is

Hitachi Energy to acquire Canadian transformer parts maker Canduct

Wed, 17 Jun 2026 09:42:16 -0400

Hitachi Energy has signed a definitive agreement to acquire Canduct Group, an Ontario, Canada-based manufacturer of transformer insulation kits and components, according to a press release from the company.

The transaction is expected to close at the start of the third calendar quarter of 2026, subject to customary closing conditions. Financial terms were not disclosed.

Founded in 1982, Canduct supplies transformer insulation products to original equipment manufacturers and repair companies across the U.S. and Canada. The company has been a supplier to Hitachi Energy for more than two decades and employs more than 300 people.

Bruno Melles, CEO of Business Unit Transformers at

Hitachi Energy to acquire Canadian transformer parts maker Canduct

Wed, 17 Jun 2026 09:42:16 -0400

The transaction is expected to close at the start of the third calendar quarter of 2026, subject to customary closing conditions. Financial terms were not disclosed.

Bruno Melles, CEO of Business Unit Transformers at

Hitachi Energy to acquire Canadian transformer parts maker Canduct

Wed, 17 Jun 2026 09:42:16 -0400

The transaction is expected to close at the start of the third calendar quarter of 2026, subject to customary closing conditions. Financial terms were not disclosed.

Bruno Melles, CEO of Business Unit Transformers at

Hitachi Energy to acquire Canadian transformer parts maker Canduct

Wed, 17 Jun 2026 09:42:16 -0400

The transaction is expected to close at the start of the third calendar quarter of 2026, subject to customary closing conditions. Financial terms were not disclosed.

Bruno Melles, CEO of Business Unit Transformers at

Hitachi Energy to acquire Canadian transformer parts maker Canduct

Wed, 17 Jun 2026 09:42:16 -0400

The transaction is expected to close at the start of the third calendar quarter of 2026, subject to customary closing conditions. Financial terms were not disclosed.

Bruno Melles, CEO of Business Unit Transformers at

Hitachi Energy bolsters the regional transformer market with strategic investment in North America

Wed, 17 Jun 2026 09:41:00 -0400