Hitachi, a Japanese multinational conglomerate, completed the acquisition of GlobalLogic, a digital product engineering services company, from investment firms Canada Pension Plan Investment Board and Partners Group, for $9.5bn. "The acquisition of GlobalLogic creates an exciting new opportunity for Hitachi to expand our offerings of Lumada solutions and services, provide value to customers in their digital transformation journey, and grow our Lumada business globally. The synergy of GlobalLogic's leading experience design and innovation with Hitachi's expertise in IT, operational technology, and products, will help us realize our goal to be the leading digital transformation innovator in social infrastructure worldwide. Together, we will create new social, environmental and economic value for our globally expanding client companies and elevate QoL for people through contributions to realize sustainable society," Toshiaki Higashihara, Hitachi President & CEO.