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The planned acquisition will expand Hitachi Energy’s regional transformer insulation and component capabilities.
Hitachi Energy announced that it signed a definitive agreement to acquire Canduct Group, a manufacturer of transformer insulation kits and components headquartered in Ontario, Canada.
The acquisition is intended to further expand Hitachi Energy’s North American transformer insulation and component capabilities. The company stated that the investment helps to address a regional transformer supply chain bottleneck and supports the delivery of grid infrastructure.
Canduct serves original equipment manufacturers and repair companies across the US and Canada. Founded in 1982, the company has supplied transformer insulation solutions to Hitachi Energy for over two decades.
The acquisition is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.
By integrating Canduct’s operations and over 300 employees, Hitachi Energy plans to expand its ability to provide transformer components used in power infrastructure. These components help to support the safe and reliable operation of electricity networks.
Transformers and related components, including bushings, tap-changers, insulation materials, and accessories, remain important parts of grid infrastructure. Demand for these assets is increasing as utilities, industry, data centers, and transportation systems expand and modernize their electrical infrastructure.
The planned acquisition reflects the continued investment in regional transformer supply chains as electricity demand grows and grid expansion projects place pressure on equipment availability.
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