Hitachi Limited Stock Price, News & Analysis

Hitachi, Ltd. has successfully completed the acquisition of GlobalLogic Inc., enhancing its digital transformation capabilities. This acquisition, effective July 13, 2021, allows Hitachi to integrate GlobalLogic's digital engineering and experience design expertise with its Lumada digital solutions. The merger aims to accelerate innovation and tackle societal challenges within various sectors including IT, energy, and mobility. Financially, Hitachi reported revenues of approximately $78.6 billion for the fiscal year 2020, indicating a strong foundation for this strategic move.

Hitachi Vantara has acquired Io-Tahoe, an innovator in data management, aiming to enhance its Lumada DataOps Suite. This acquisition aligns with Hitachi's strategy to lead in digital transformation across critical sectors such as energy and healthcare. Io-Tahoe's AI-driven software improves data quality, lineage, and compliance for Fortune 1000 companies. Integration of Io-Tahoe's capabilities into Lumada will enhance data solutions for clients, promising faster and more meaningful business outcomes. The deal reflects Hitachi's commitment to empowering businesses through advanced data solutions.

The American Heart Association has partnered with Hitachi Vantara to enhance the accessibility of its Precision Medicine Platform, a cloud-based solution designed for efficient data management and analysis. This platform allows healthcare organizations to conduct supercomputing data analysis, even on standard laptops. With funding supporting over 90 experts, the platform utilizes machine learning and AI, significantly reducing data processing times. This collaboration aims to revolutionize healthcare data sharing and research collaboration, ultimately improving patient outcomes.

Hitachi Vantara announced significant enhancements to its Lumada software platform aimed at improving manufacturing and industrial operations. These advancements focus on real-time insights, fostering operational efficiency, and minimizing revenue disruptions. The updated portfolio allows for automation and faster decision-making, with new features integrated into Lumada Manufacturing Insights and partnerships such as with Microsoft Azure Marketplace. The enhancements are positioned to address the complexities of digital transformation in various industries.

Hitachi America and Hitachi Vantara announced the Hitachi Social Innovation Forum 2021 AMERICAS will be held virtually from May 25-27, 2021. This free event will highlight data-driven strategies addressing industrial, societal, and environmental challenges. Key speakers include leaders from various sectors, including Toshiaki Higashihara, CEO of Hitachi, Ltd., and Gajen Kandiah, CEO of Hitachi Vantara. The forum will feature masterclasses, keynote presentations, and discussions across three tracks: Business, Society, and Technology, emphasizing the importance of digital solutions in modern challenges.

Covanta Environmental Solutions and High-Performance Medical Solutions (HPMS) are collaborating to achieve a zero-waste to landfill initiative, which aligns with Hitachi Ltd.'s commitment to carbon neutrality by 2030. The program leverages the four R's of waste management: Reduce, Reuse, Recycle, and Recover. By implementing these practices, HPMS aims to prevent 25,000 pounds of waste from reaching landfills annually. Covanta's processes contribute significantly to reducing greenhouse gas emissions, suggesting a positive environmental impact. This partnership reflects Hitachi's dedication to social and environmental innovation.

Hitachi will acquire GlobalLogic, a leading digital engineering services firm, to enhance its Lumada portfolio and accelerate digital transformation globally. The deal, valued at $8.5 billion, is expected to close by the end of July 2021. GlobalLogic, with over 20,000 professionals and a solid client base, will drive synergies across Hitachi's sectors including IT, energy, and healthcare. This acquisition aims to capitalize on the growing digital engineering market projected to reach $1.1 trillion by 2025, with Hitachi positioning itself as a leader in social infrastructure innovation.

SOPHiA GENETICS and Hitachi have announced a long-term partnership aimed at enhancing data-driven precision medicine. This collaboration focuses on the commercialization of the SOPHiA DDM™ Platform and Hitachi's digital healthcare solutions, targeting improved healthcare decisions and drug development. The companies plan to leverage their expertise in genomics and AI, starting with projects in oncology. The partnership aims to broaden commercial reach and improve patient health outcomes globally.

Hitachi Vantara has enhanced its hyperconverged infrastructure (HCI) portfolio with new updates to the Hitachi Unified Compute Platform (UCP) HC and RS. Key features include a faster provisioning tool, certified support for SAP HANA, and Intel Cascade Lake processors that boost performance. Enhanced lifecycle management enables non-disruptive upgrades, while unified cloud management allows seamless data mobility across environments. Customers benefit from lower total cost of ownership and improved productivity. Hitachi's HCI solutions reported a 100% year-over-year growth.