What changes for GlobalLogic’s Ukrainian office after the deal with Hitachi
On March 31, 2021, the Japanese company Hitachi announced the acquisition of the US tech company GlobalLogic for $9.6 billion. The latter has several offices in Ukraine, which employ over 5,700 specialists.
The Ukrainian office of GlobalLogic did not comment on the deal, but representatives of the headquarters of GlobalLogic told AIN.UA what will change for the company’s Ukrainian offices and their specialists due to the acquisition.
What will happen to the Ukrainian office after the deal is completed: are there any plans to close it and move the employees to other offices? Will the management change?
Ukraine is a very important engineering center for GlobalLogic. It will remain so after the completion of the deal. GlobalLogic is planned to become an independent subsidiary of Hitachi. That means that all our offices, including those in Ukraine, will work as before. Over time, our business will grow due to the increasing number of customers we work with together with Hitachi.
Will the company continue to operate under its brand and with its own representative offices? Will the structure of the global company remain the same? Will the head office and top managing executives change?
GlobalLogic will keep its name and brand. No changes in the company’s structure and management are planned.
Will Ukrainian employees/management team receive bonuses or other payments? Will they be offered to relocate if the company structure changes after the deal?
Will the company expand its presence in Ukraine, open offices in other cities, and recruit employees?
GlobalLogic has been growing dynamically in Ukraine even before the announcement of the acquisition. So, we believe this trend will continue after the deal is closed. We cannot give any specific growth forecast right now. However, we plan to keep growing, and developing our business in Ukraine is an essential part of this strategy.
How much has GlobalLogic grown globally in the last year?
Over the past year, GlobalLogic has grown in the number of specialists, from 16,000 to 20,000, due to organic growth as well as mergers and acquisitions of other companies.
Editor’s note: According to Hitachi, over 2020, Global GlobalLogic had revenue of about $771 million and EBITDA of $179 million: