fbpx
  • About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Contact us
Thursday, April 15, 2021
Business Connect | Best Business magazine In India
  • News
    • All
    • Blog
    Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline

    Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline

    Motorola Teases Launch of Two

    Motorola Launch ‘G Series’ phones in India – price & specification

    Bharat Petroleum partners Accenture for digital sales

    Bharat Petroleum join hands with Accenture for digital sales, distribution platform

    Microsoft in Talks to Buy Nuance for $16 Billion, expand Healthcare Business

    Microsoft in Talks to Buy Nuance for $16 Billion, expand Healthcare Business

    Flipkart hold Adani Group hands to set up Logistics & Data Centers

    Flipkart hold Adani Group hands to set up Logistics & Data Centers

    Education Minister Releases ‘SARTHAQ’, an Indicative & Suggestive Implementation Plans for Schools.

    Education Minister Releases ‘SARTHAQ’, an Indicative & Suggestive Implementation Plans for Schools

    Tesla hired CBRE to find showroom space in 3 cities of India

    Tesla hired CBRE to find showroom space in 3 cities of India

    ATTACHMENT DETAILS Realme-C25-C21-C20-launch-in-India-today-check-specifications

    Realme C25, C21, C20 launch in India today, check specifications

    Airtel sells spectrum to Reliance Jio worth INR 1,497 crore

    Airtel sells spectrum to Reliance Jio worth INR 1,497 crore

  • Magazine
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Healthcare
  • Testimonials
  • Launchpad
  • BCM TV
No Result
View All Result
  • News
    • All
    • Blog
    Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline

    Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline

    Motorola Teases Launch of Two

    Motorola Launch ‘G Series’ phones in India – price & specification

    Bharat Petroleum partners Accenture for digital sales

    Bharat Petroleum join hands with Accenture for digital sales, distribution platform

    Microsoft in Talks to Buy Nuance for $16 Billion, expand Healthcare Business

    Microsoft in Talks to Buy Nuance for $16 Billion, expand Healthcare Business

    Flipkart hold Adani Group hands to set up Logistics & Data Centers

    Flipkart hold Adani Group hands to set up Logistics & Data Centers

    Education Minister Releases ‘SARTHAQ’, an Indicative & Suggestive Implementation Plans for Schools.

    Education Minister Releases ‘SARTHAQ’, an Indicative & Suggestive Implementation Plans for Schools

    Tesla hired CBRE to find showroom space in 3 cities of India

    Tesla hired CBRE to find showroom space in 3 cities of India

    ATTACHMENT DETAILS Realme-C25-C21-C20-launch-in-India-today-check-specifications

    Realme C25, C21, C20 launch in India today, check specifications

    Airtel sells spectrum to Reliance Jio worth INR 1,497 crore

    Airtel sells spectrum to Reliance Jio worth INR 1,497 crore

  • Magazine
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Healthcare
  • Testimonials
  • Launchpad
  • BCM TV
No Result
View All Result
Business Connect | Best Business magazine In India
No Result
View All Result
Home News

GlobalLogic to fly under the Banner of Hitachi for $9.6 Billion Very Soon

admin by admin
April 2, 2021
in News, Blog
781 33
0
GlobalLogic to fly under the Banner of Hitachi for $9.6 Billion Very Soon
122
SHARES
814
VIEWS
Share on FacebookShare on Twitter

GlobalLogic to fly under the Banner of Hitachi for $9.6 Billion Very Soon

By – Ashwathy Nair

U.S. software developer GlobalLogic is all set to be acquired by Hitachi for an amount of $9.6 billion. This deal is expected to be the largest acquisition done by a Japanese electrical equipment organization.

While shedding non-core operations, the planned acquirement comes as Hitachi is quickly revamping its group businesses in order to concentrate on the IT sector. GlobalLogic, a Silicon Valley-based company formed in 2000, provides tools for businesses seeking to explore digital market opportunities.

Hitachi is all set with its plans to acquire all shares from existing shareholders in July and to put the company under the authority of Hitachi Global Digital Holding, which is being overseen by its IT business in the U.S.

The news of this acquisition stimulated a strong reaction from investors, however, on Wednesday, with the share price falling more than 7 per cent of Hitachi in Tokyo.

Hitachi is focusing its resources on IT-related businesses, especially Lumada, its internet of things platform. The company is also working on a framework that will use data analysis to enhance production site management.

Some results have been produced by the shift. IT-related sales of Hitachi are estimated to reach 1.97 trillion yen in the year ended March 2021, operating income from the division is forecast to reach 232 billion yen, or more than half of the total, accounting for around a quarter of the company’s total revenue. Its IT activities have an operating profit margin of over 10 per cent, which is higher than its other establishments.

The majority of Hitachi’s IT success, however, has been domestic. Overseas revenues account for around half of the company’s overall revenue, but that revenue is largely from hardware such as elevators and railways. Japan, on the other hand, accounts for 70 per cent of its IT sector sales, mostly from financial institutions and government agencies.

Hitachi recently completed another large-scale overseas acquisition, this time with GlobalLogic. In July 2020, the Corporation completed the acquisition of Swiss ABB’s power grid business for around 700 billion yen. This move was made to gain access to ABB’s global customer base and sales network, as well as tap into the rising power grid market amid a surge in renewable energy.

GlobalLogic partners with 400 companies in the United States, including Sprint, as well as foreign companies including Volvo. Hitachi hopes that the acquisition would allow it to sell more of its own systems to these businesses. It employs over 20,000 people in 14 countries and has a production centre in India.

Hitachi has been selling off non-core companies as part of its restructuring. Hitachi Chemical was sold to Showa Denko, a Japanese materials manufacturer, last year, and Hitachi Metals, which was once considered one of Hitachi’s three main units, is in the process of being sold.

CPP Investments, which manages public pensions in Canada, and Partners Group, a Swiss investment fund, each own a 45 per cent stake in the firm. The company’s board owns the remainder.

Also Read:- Amazing Adventurous Things to Do in Bir Billing

 

Download Nulled WordPress Themes
Download Best WordPress Themes Free Download
Download Nulled WordPress Themes
Download Nulled WordPress Themes
udemy paid course free download
download huawei firmware
Download Nulled WordPress Themes
free download udemy paid course
Previous Post

OFLIV.COM – Venturing into organic food terrain

Next Post

Paytm Sets Up R&D Centre in Pune with 250 Engineers, Scientists

Related Posts

Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline
News

Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline

by admin
April 15, 2021
0

Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline By Sanjay Maurya   17,282 people have been found infected by Covid-19...

Motorola Teases Launch of Two
News

Motorola Launch ‘G Series’ phones in India – price & specification

by admin
April 15, 2021
0

Motorola Launch ‘G Series’ phones in India - price & specification By Sanjay Maurya News Highlights Motorola will introduce two...

Bharat Petroleum partners Accenture for digital sales

Bharat Petroleum join hands with Accenture for digital sales, distribution platform

April 14, 2021
Microsoft in Talks to Buy Nuance for $16 Billion, expand Healthcare Business

Microsoft in Talks to Buy Nuance for $16 Billion, expand Healthcare Business

April 13, 2021
Flipkart hold Adani Group hands to set up Logistics & Data Centers

Flipkart hold Adani Group hands to set up Logistics & Data Centers

April 12, 2021
Education Minister Releases ‘SARTHAQ’, an Indicative & Suggestive Implementation Plans for Schools.

Education Minister Releases ‘SARTHAQ’, an Indicative & Suggestive Implementation Plans for Schools

April 12, 2021
Next Post
Paytm Sets Up R&D Centre in Pune with 250 Engineers, Scientists

Paytm Sets Up R&D Centre in Pune with 250 Engineers, Scientists

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Upcoming List of Top Indian Web Series of 2021 across Various Streaming Platforms

Upcoming List of Top Indian Web Series of 2021

April 9, 2021
Nelsonin Research Private Limited | Business Connect

Nelsonin Research Private Limited

October 5, 2019
The 10 most popular tiktok stars in the world

10 most popular Tiktok stars in the world

February 10, 2021
World’s Top 10 Richest Billionaires april 2021

World’s Top 10 Richest Billionaires 2021

April 6, 2021
BookMyPart_BigWin_Partners

BookMyParts Partners with PaisaDukan to Strengthen Supply Chain of Machine Spare Parts Industry

5
TechnoPilot®: Providing unique Network Security, Business Success mantras and healers by virtue of its veteran founder

TechnoPilot®: Providing unique Network Security, Business Success mantras and healers by virtue of its veteran founder

5
World’s Top 10 Richest Billionaires april 2021

World’s Top 10 Richest Billionaires 2021

4
Moksha Creative Services: Utilizing seasoned expertise in online visual content market to deliver magnum opus everytime

Moksha Creative Services: Utilizing seasoned expertise in online visual content market to deliver magnum opus everytime

3
Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline

Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline

April 15, 2021
KISHORE GOKAVARAPU

KISHORE GOKAVARAPU

April 15, 2021
Bikano | Bikanervala Foods Pvt. Ltd

Bikano: An eminent household name to rely upon for inimitable flavours

April 15, 2021
Motorola Teases Launch of Two

Motorola Launch ‘G Series’ phones in India – price & specification

April 15, 2021

Recent News

Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline

Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline

April 15, 2021
KISHORE GOKAVARAPU

KISHORE GOKAVARAPU

April 15, 2021
Bikano | Bikanervala Foods Pvt. Ltd

Bikano: An eminent household name to rely upon for inimitable flavours

April 15, 2021
Motorola Teases Launch of Two

Motorola Launch ‘G Series’ phones in India – price & specification

April 15, 2021

Recommended

Dyna Biotech 7 YEARS OF UNMATCHEDBIOTECH MANUFACTURING PRODUCTS AND FINEST AVAILABLE SERVICES - Business Connect

Dyna Biotech:  7 YEARS OF  UNMATCHEDBIOTECH MANUFACTURING PRODUCTS AND FINEST AVAILABLE SERVICES.

September 9, 2020
Von Wellx_German Footwear Brand considerate to shift the production from China to India_Business Connect Magazine

Von Wellx, German Footwear Brand considerate to shift the production from China to India

May 23, 2020

Most Popular

Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline
News

Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline

April 15, 2021
KISHORE GOKAVARAPU
Lounge Interviews

KISHORE GOKAVARAPU

April 15, 2021
Bikano | Bikanervala Foods Pvt. Ltd
Lounge Interviews

Bikano: An eminent household name to rely upon for inimitable flavours

April 15, 2021
Business Connect | Best Business magazine In India

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Contact Information

Address: 701, DDA 2, District Centre, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Mail: abhishek@businessconnectindia.in

Recent News

Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline

Covid-19: CM Arvind Kejriwal announces weekend curfew – Know Guideline

April 15, 2021
KISHORE GOKAVARAPU

KISHORE GOKAVARAPU

April 15, 2021
Bikano | Bikanervala Foods Pvt. Ltd

Bikano: An eminent household name to rely upon for inimitable flavours

April 15, 2021

Request a call back

  • About us
  • Why us
  • Guest writers
  • Career
  • Contact us

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Healthcare
  • Testimonials
  • Launchpad
  • BCM TV

© 2020 All Rights Reserved by Business Connect India

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In