# Hitachi Energy to acquire Canduct Group for transformer insulation

Hitachi Energy announced a definitive agreement to acquire Canduct Group, a Canadian manufacturer of transformer insulation kits and components, to expand its North American transformer insulation business.

- Type: Acquisition
- Announced: 2026-06-17
- Where: Ontario, Canada, Canada
- Jobs: 300
- Status: announced
- Products: transformer insulation kits and components
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hitachi Energy](https://endata.com/companies/15140.md) (acquirer)
- [Canduct Group](https://endata.com/companies/92489.md) (target)

## Sources

- [hitachi.com](https://www.hitachi.com/en/press/articles/2026/06/0618/), 2026-06-17: "Hitachi Energy is strengthening its leadership in transformer insulation through this strategic expansion in North America."
- [asia.nikkei.com](https://asia.nikkei.com/business/business-deals/hitachi-energy-to-buy-canadian-transformer-materials-supplier-canduct), 2026-06-18: "Deal aims to capture power grid infrastructure demand from North American data centers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.