Tech Company M&A Transactions
GlobalLogic Acquisition
GlobalLogic, operating out of San Jose, was acquired by Hitachi Data Systems. Financial terms set the valuation at $9.6 billion.
Transaction Overview
Company Name
Acquired By
Announced On
3/31/2021
Transaction Type
M&A
Amount
$9,600,000,000
M&A Terms
Tokyo-based Hitachi said the acquisition of the Silicon Valley company will strengthen Hitachi's digital operations in a wide range of businesses, including IT, energy, industry and mobility. Hitachi will acquire GlobalLogic Worldwide Holdings through a merger involving MergeCo H Global Inc. ("SPC"), a subsidiary established by HGDH for the purpose of the transaction. In this acquisition, the "reverse triangular merger method" will be adopted. Specifically, SPC will be merged with and into GlobalLogic Worldwide Holdings, which will be the surviving company. When the companies are merged, HGDH or SPC will provide cash to the shareholders of GlobalLogic Worldwide Holdings after which all the outstanding shares of GlobalLogic Worldwide Holdings will be cancelled. All the shares of SPC held by HGDH will be converted to common shares of GlobalLogic Worldwide Holdings, the surviving company.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
1741 Technology Dr. 400
San Jose, CA 95110
USA
San Jose, CA 95110
USA
Phone
Website
Email Address
Overview
GlobalLogic partners with businesses across every major industry to make amazing products and connect the dots between people, products, and business opportunities.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Shashank Samant
Chief Marketing Officer
Arya Barirani
Chief Technical Officer
Sunil Singh
Chief Technical Officer
James Walsh
VP - Bus. Development
Jonathan Rothenberg
VP - General Counsel
Richard Gray
VP - Sales
Vasu Sarangapani
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