# 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.

- Type: Partnership
- Announced: 2026-10-20
- Where: Japan, Japan
- Value: $495.0M
- Status: announced
- Products: low-voltage power distribution products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (partner)
- [Mitsubishi Electric](https://endata.com/companies/2378.md) (partner)

## Sources

- [new.abb.com](https://new.abb.com/news/detail/139701/abb-joint-venture-with-mitsubishi-electric-to-expand-position-in-asia-pacific-markets), 2026-10-20: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.