Hitachi Energy to Acquire Canadian Transformer Materials Supplier Canduct
AI News Flash: Hitachi Energy announces plan to acquire Canadian transformer materials and parts supplier Canduct, with the core goal of strengthening its North American local production capacity. The direct backdrop to this acquisition is the surge in data center construction across North America driving significant increases in grid infrastructure demand, particularly high-voltage transformer materials have become a bottleneck in the industry — companies without local supply chain support will struggle to respond quickly to market demand.