HITACHI TO ACQUIRE US-BASED SOFTWARE DEVELOPER GLOBALLOGIC FOR $9.6 BN

Highlights

• This decision has been taken in order to expand from electronics hardware to digital services and the company is aiming to close the transaction by the end of July

• Courtesy of this announcement, stock of Japanese conglomerate plunged over 7% at one point on the Tokyo Stock Exchange

• San Hose-based GlobalLogic was founded in the year 2000 and currently has over 20,000 employees in 14 ....