Shearman & Sterling is advising Hitachi on its acquisition of GlobalLogic Inc, a transaction valued at $9.5 billion.
With over 20,000 professionals across 14 countries, GlobalLogic is a leading Silicon Valley-headquartered digital engineering services company that operates design studios and software product engineering sites around the world for an impressive client base, including major technology companies.
Hitachi’s deal with GlobalLogic is expected to strengthen “Lumanda,” Hitachi’s advanced digital solutions and services software that transforms data into insights to drive digital transformation of social infrastructures, such as rail, energy and healthcare, at a global scale. Hitachi Vantara LLC, a U.S.-based subsidiary of Hitachi and its digital infrastructure, data management, and digital solutions business, plays a key role in driving Lumada business growth in the global market. The acquisition is also anticipated to create synergies across Hitachi’s automotive systems business (Hitachi Astemo) and five key sectors – IT, Energy, Industry, Mobility and Smart Life.
The Shearman & Sterling team below included associate Maeve Wilson (New York-Intellectual Property Transactions).