ABB and Mitsubishi Electric form joint venture for low-voltage power distribution

ABB announced a joint venture with Mitsubishi Electric's carved-out low-voltage power distribution product business. ABB will acquire a 51% stake for JPY 79 billion (~$495 million), with the transaction expected to close in H2 2027.

“This joint venture brings together that strong local foundation with ABB's leading technologies and global reach, significantly strengthening our position in Japan and across Asia-Pacific.”new.abb.com

• 1 source
• new.abb.comABB joint venture with Mitsubishi Electric to expand position in Asia-Pacific markets | News centerOct 20, 2026

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