M&A Deal Summary

Hitachi Acquires Flexware Innovation

On September 6, 2022, Hitachi acquired information technology company Flexware Innovation

Acquisition Highlights
  • This is Hitachi’s 7th transaction in the Information Technology sector.
  • This is Hitachi’s 6th transaction in the United States.
  • This is Hitachi’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2022-09-06
Target Flexware Innovation
Sector Information Technology
Buyer(s) Hitachi
Deal Type Add-on Acquisition

Target

Flexware Innovation

Fishers, Indiana, United States
Flexware Innovation is focused on Manufacturing Execution Systems for enterprise clients in many vertical industries such as Life Sciences, Food & Beverage, Utilities, Metal and Steel, and Automotive and Discrete manufacturing. Their capabilities range from controls engineering and safety assessments all the way up to ERP implementation. Flexware Innovation was formed in 1996 and is based in Fishers, Indiana.

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Buyer(S) 1

Buyer

Hitachi

Tokyo, Japan
Category Company
Founded 1910
Sector Diversified
Employees268,655
Revenue 9.73T JPY (2024)
DESCRIPTION
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.

Hitachi is a multinational conglomerate that operates across various sectors, including information technology, infrastructure systems, social innovation, automotive systems, and more. The Company's diverse portfolio encompasses a wide range of products and services, such as power systems, industrial machinery, digital solutions, transportation systems, and healthcare solutions. Hitachi was founded in 1910 and is based in Tokyo, Japan.

DEAL STATS #
Overall 19 of 21
Sector (Information Technology) 7 of 7
Type (Add-on Acquisition) 15 of 15
State (Indiana) 2 of 2
Country (United States) 6 of 7
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-22 Telesis Technologies

Circleville, Ohio, United States

Telesis Technologies produces direct part marking and intelligent vision system solutions used for product traceability applications across a range of end markets. Telesis Technologies was founded in 1971 and is based in Circleville, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 Bravura Security

Calgary, Alberta, Canada

Bravura Security is a developer of deploys identity and access management software for organizations in Canada and internationally. Bravura Security is based in Calgary, Alberta.

Sell -
Mergr

Product

Company

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