On March 31, 2021, Hitachi, Ltd. announced that it would acquire GlobalLogic Inc., a leading digital engineering services company based in the U.S. The total acquisition cost, including the repayment of GlobalLogic's interest-bearing debt, is estimated to be 9.6 billion U.S. dollars (approx. 1 trillion yen). Through this acquisition, Hitachi intends to expand its Lumada business. “Lumada” is the collective term for solutions and services that utilize advanced digital technologies to accelerate digital transformation (DX).