Hitachi Energy has 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. The acquisition is expected to close at the beginning of Q3 2026, subject to customary closing conditions.
Canduct, headquartered in Ontario, Canada, is a prominent manufacturer of transformer insulation kits and components, serving original equipment manufacturers and repair companies across the USA and Canada. It has been supplying transformer insulation solutions to Hitachi Energy for over two decades. By integrating Canduct’s operations, Hitachi Energy expects to expand its capabilities to deliver critical transformer components needed to support the unprecedented growth in electricity demand.
“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” commented Bruno Melles, CEO of Business Unit Transformers, Hitachi Energy.”
