Hitachi Energy has acquired Canduct, a transformer component manufacturer located in south London, Ontario, in a move aimed at bolstering the North American transformer supply chain. The acquisition was finalized on June 17, 2026, as confirmed by CTV News London.
Strengthening Domestic Production
The purchase of Canduct, a key producer of transformer components, is expected to enhance Hitachi Energy's ability to meet growing demand for transformers in North America. This strategic acquisition comes amid increasing focus on energy infrastructure and grid reliability.
Impact on Local Economy
Canduct, based in London, Ontario, has been a significant player in the transformer manufacturing sector. The acquisition is anticipated to create new opportunities for local employment and supply chain integration, reinforcing the region's role in the energy industry.
Hitachi Energy has not disclosed the financial terms of the deal, but industry analysts view it as a positive step toward reducing reliance on overseas supply chains and improving energy security in North America.
