Switzerland / Canada: Hitachi Energy has announced a major expansion of its transformer insulation business in North America through a definitive agreement to acquire Canduct Group.
The acquisition is expected to close at the beginning of the third quarter of 2026, subject to customary closing conditions. Hitachi Energy said the investment is intended to address a critical bottleneck in the regional transformer supply chain by expanding insulation and component capabilities in North America.
Canduct, headquartered in Ontario, Canada, manufactures transformer insulation kits and components for 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 more than two decades.
Through the acquisition, Hitachi Energy will integrate Canduct’s operations and more than 300 employees into its business. The company said the move will strengthen regional supply-chain resilience and support faster delivery of essential transformer components at a time of strong 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,” said Bruno Melles, CEO of Business Unit Transformers at Hitachi Energy.
Hitachi Energy has supplied transformer insulation and components to OEMs and distributors of power and distribution transformers worldwide for more than a century.
Transformer components, including bushings, tap-changers, insulation materials and accessories, play an important role in the safe and reliable operation of electricity networks.
Source: Hitachi Energy
