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JapanEconomy2 days ago

Hitachi Energy to buy Canadian transformer materials supplier Canduct

Hitachi Energy plans to acquire Canduct, a Canadian supplier of transformer materials and parts, in order to secure North American production capacity and meet growing demand from North American data centers.

Business deals

Deal aims to capture power grid infrastructure demand from North American data centers

Hitachi purchased what is now Hitachi Energy from Swiss heavy electrical equipment manufacturer ABB in 2020. (Photo by Nanami Sato)

HIDEAKI RYUGEN

June 18, 2026 23:16 JST

TOKYO -- Hitachi Energy plans to acquire Canduct, a Canadian supplier of transformer materials and parts, as the Japanese power grid company moves to secure North American production capacity.

Read the full article at Nikkei Asia →

2 reports

Nikkei AsiaIndependent🔒Center
Hitachi Energy to buy Canadian transformer materials supplier Canduct

Hitachi Energy plans to acquire Canduct, a Canadian supplier of transformer materials and parts, in order to secure North American production capacity and meet growing demand from North American data centers.

Bias read (Center): The article reports on a business acquisition without taking a stance or using biased language. It provides factual information about Hitachi Energy's planned acquisition of Canduct and mentions the strategic motivation behind the deal.

Nikkei AsiaIndependent🔒Center
Japan's Marubeni buys Texas gas producer EagleRidge Energy II

Japanese trading house Marubeni has acquired U.S. natural gas developer EagleRidge Energy II, aiming to supply fuel for the expansion of American data centers.

Bias read (Center): The article reports on a business acquisition without taking a stance on political issues. It focuses on economic activity and does not include any biased language, framing, or sourcing that would indicate a political lean.