Hitachi Energy to Acquire Canduct Group, Expanding North American Transformer Insulation Business

Deal Summary

Hitachi Energy announced it has signed a definitive agreement to acquire Canduct Group, a Canadian manufacturer of transformer insulation kits and components. The acquisition will add over 300 employees and bolster Hitachi Energy's North American transformer insulation capabilities, with closing expected in early Q3 2026. The deal aims to strengthen supply chain resilience and support growing electricity demand.