en.Wedoany.com Reported - Hitachi Energy has signed a definitive agreement to acquire Canduct, a manufacturer of transformer insulation kits and components. The acquisition aims to significantly strengthen its North American transformer insulation business footprint.

In an official statement, Hitachi Energy stated that the investment will bolster insulation and component production capacity in North America, thereby alleviating prominent bottlenecks in the local transformer supply chain, enhancing supply chain resilience, and accelerating the delivery of critical grid infrastructure.

The transaction is expected to close in early Q3 2026, subject to customary closing conditions. Headquartered in Ontario, Canada, Canduct specializes in transformer insulation kits and components, supplying original equipment manufacturers and maintenance companies in both the United States and Canada.

Founded in 1982, the company has supplied high-quality transformer insulation solutions to Hitachi Energy for over 20 years. Hitachi Energy stated that integrating Canduct's operations and more than 300 employees will further enhance its ability to deliver critical transformer components in response to growing electricity demand.

Bruno Melles, CEO of Hitachi Energy's Transformer Business Unit, noted that acquiring the Canduct Group helps expand regional manufacturing capabilities, strengthen the supply chain for insulation kits and components, while meeting the region's rising electrification needs.

In March of this year, Hitachi Energy announced plans to invest an additional $150 million to expand power transformer production capacity in Latin America, keeping pace with global electrification and accelerating grid construction. Among these, the factory in Dosquebradas, Colombia (Risaralda Department) will receive $80 million for expansion and efficiency improvements; while the Pindamonhangaba and Guarulhos factories in Brazil will receive an additional $70 million on top of existing investments to accelerate expansion. Alexandre Malveiro, Hub SAM Manager of Hitachi Energy's Transformer Business Unit, stated that the current growth rate in transformer demand is unprecedented.

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