Japanese conglomerate Hitachi on March 31 announced it will acquire U.S. software company GlobalLogic in a $9.6 billion deal.
The transaction values the target’s enterprise at $9.5 billion, or approximately 37.4 times adjusted EBITDA for 2021 as forecast by Hitachi. Including repayment of GlobalLogic’s interest-bearing debt, the total acquisition cost will be $9.6 billion.The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. Picture taken September 10, 2020.
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