Hitachi Energy bolsters the regional transformer market with strategic investment in North America

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Hitachi Energy announced a strategic investment via a definitive agreement to acquire Canduct Group, enhancing its presence in the North American transformer insulation market. The acquisition strengthens Hitachi Energy's leadership in electrification and transformer components.

Announces signing of definitive agreement to acquire Canduct, a leading manufacturer of transformer insulation kits and components ZURICH, June 17, 2026 /PRNewswire/ — Hitachi Energy, a global leader in electrification, today announced a major expansion of its North American transformer insulation business through signing a definitive agreement to acquire Canduct Group. The investment addresses a […]

Markets Deals Energy Hitachi Energy acquisition Canduct Group transformer market strategic investment North America

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