ZURICH, Switzerland — Hitachi Energy, a global leader in electrification, today announced a major expansion of its North American transformer insulation business through signing a definitive agreement to acquire Canduct Group. The investment addresses a critical bottleneck in the region’s transformer supply chain by expanding the company’s North America regional insulation and components capabilities, strengthening resilience, and accelerating the delivery of essential grid infrastructure.
Hitachi Energy’s acquisition of Canduct is expected to close at the beginning of the third calendar quarter of 2026, subject to customary closing conditions.
Canduct, headquartered in Ontario, Canada, is a leading manufacturer of transformer insulation kits and components, serving original equipment manufacturers (OEM) and repair companies across the U.S. and Canada. Founded in 1982, the company has supplied high-quality transformer insulation solutions to Hitachi Energy for over two decades. By integrating Canduct’s operations and more than 300 employees, Hitachi Energy will expand its capabilities to deliver critical transformer components needed to support the unprecedented growth in electricity demand.
“Hitachi Energy is strengthening its leadership in transformer insulation through this strategic expansion in North America. By acquiring Canduct Group, we are expanding regional capabilities, strengthening supply chains for insulation kits and components, and supporting the growing demand for electrification across the region.” ~Bruno Melles, CEO of Business Unit Transformers, Hitachi Energy
For over a century, Hitachi Energy has been a trusted supplier for transformer insulation and components to OEMs and distributors of power and distribution transformers worldwide. As essential components of power infrastructure, transformers and their components, including bushings, tap-changers, insulation materials and accessories play a critical role in ensuring the safe and reliable operation of electricity networks.