Xia Yu, director at Summit Therapeutics, buys $9.9 million in shares
SANTA CLARA/MÜNSTER - Hitachi, Ltd. (TSE:6501), the $118.6 billion Japanese technology giant, announced Tuesday it has agreed to acquire German data and AI consulting firm synvert through its U.S. subsidiary GlobalLogic Inc., expanding its presence in Europe and the Middle East while strengthening its artificial intelligence offerings. According to InvestingPro data, Hitachi’s stock is currently trading near its Fair Value, suggesting the market has accurately priced its growth potential.
The acquisition, expected to close in the fiscal year ending March 2026 subject to regulatory approval, will add over 550 specialists in data governance, platform engineering, and advanced analytics to Hitachi’s operations. Financial terms were not disclosed. InvestingPro analysis shows Hitachi maintains a GOOD financial health score, with particularly strong profitability metrics, suggesting solid financial positioning for strategic acquisitions.
Synvert, headquartered in Germany with offices across Europe, the U.S., and Middle East, serves more than 200 clients and maintains partnerships with major cloud providers including Databricks, Snowflake, AWS, Microsoft Azure, and Google Cloud.
Jun Abe, Executive Vice President of Hitachi, said the integration will "enhance competitiveness through Agentic AI and accelerate HMAX deployment," referring to Hitachi’s solution suite for operational autonomy.
The acquisition aligns with Hitachi’s AI strategy under its Digital Systems & Services sector, which is evolving from generative AI to what the company calls "Agentic AI" - systems that autonomously coordinate multiple tools for complex tasks - and "Physical AI," where intelligent systems interact with the physical world through robotics and IoT devices.
Synvert will complement GlobalLogic’s existing AI and digital engineering capabilities while expanding Hitachi’s market reach in Germany, Switzerland, Spain, Portugal, and the Middle East, according to the press release statement.
The German firm, founded in 1991, has completed over 3,000 projects across finance, manufacturing, insurance, public sector, and energy industries. It was previously owned by Maxburg, a private equity fund focused on founder-led technology companies in German-speaking regions.
In other recent news, Hitachi Vantara Federal announced the appointment of Majed Saadi as its new Chief Technology Officer. Saadi, who has 24 years of experience in technology leadership, will lead the company’s technology strategy and IT modernization efforts. His expertise includes IT transformation, infrastructure, cloud solutions, and enterprise architecture. Before joining Hitachi Vantara Federal, Saadi was the VP of Growth and Technology at Synergy Inc., where he focused on market expansion and federal contract growth. Additionally, he has served as VP at General Dynamics IT, overseeing IT and mission support services for federal civilian agencies. In a related development, Armedia has achieved Federal Risk and Authorization Management Program (FedRAMP) authorization for its ArkCase platform. This platform offers case management solutions for government agencies and incorporates analytics capabilities from Pentaho Data Integration and Pentaho Business Analytics. The ArkCase platform is designed to automate workflows for Freedom of Information Act requests, legal cases, and investigative case management.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.