en.Wedoany.com Reported - Hitachi Energy has announced plans to expand its transformer insulation business in North America by signing a definitive agreement to acquire the Canduct Group. By increasing insulation and component production capacity in the region, Hitachi Energy aims to address key bottlenecks in the local transformer supply chain. The acquisition is expected to close in the early third quarter of 2026, subject to customary closing conditions.

Headquartered in Ontario, Canada, Canduct is a leading manufacturer of transformer insulation kits and components, serving original equipment manufacturers and repair companies in the United States and Canada. For over 20 years, the company has been supplying Hitachi Energy with transformer insulation solutions. By integrating Canduct's operations, Hitachi Energy expects to expand its production capacity and provide critical transformer components needed to support growing electricity demand. Bruno Melles, CEO of Hitachi Energy's Transformer Business Unit, stated that acquiring the Canduct Group will expand regional capacity, strengthen the supply chain for insulation kits and components, and support the region's increasing electrification needs.

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