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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 expands its work with OpenAI to accelerate AI-driven modernization and cybersecurity

Wed, 17 Jun 2026 00:54:00 -0400

TOKYO, Jun 17, 2026 - (JCN Newswire) - - Hitachi, Ltd. (TSE:6501, "Hitachi") today announced that it will expand its work with OpenAI*1 to accelerate AI-driven modernization and cybersecurity. The work combines OpenAI's frontier AI technology with Hitachi's domain expertise and know-how in supporting mission-critical systems and social infrastructure to accelerate AI transformation (AX) for customers and society.

Working together, the two companies' FDE teams will leverage OpenAI's AI agent "Codex" to analyze the source code of mission-critical legacy systems and work to establish an AI-driven modernization approach that supports safe migration through enhanced visibility into system design. Based on

Hitachi expands its work with OpenAI to accelerate AI-driven modernization and cybersecurity

Wed, 17 Jun 2026 00:54:00 -0400

Hitachi expands its work with OpenAI to accelerate AI-driven modernization and cybersecurity

Wed, 17 Jun 2026 00:54:00 -0400

Hitachi expands its work with OpenAI to accelerate AI-driven modernization and cybersecurity

Wed, 17 Jun 2026 00:54:00 -0400

Hitachi Energy expands zero-emission power portfolio with HyFlex Compact