Mitsubishi Electric to transfer 51% of power distribution JV to ABB

Mitsubishi Electric will establish a wholly owned subsidiary, transfer its power distribution and control equipment business to it, and then transfer 51% of the new company's shares to ABB to form a joint venture. The transfer value is 82.4 billion yen.

“Mitsubishi Electric Corporation will establish a wholly owned subsidiary and implement an absorption-type company split to transfer the target power distribution and control equipment business.”japanir.jp

• 1 source
• japanir.jpMitsubishi Electric Corporation: Decision on Joint Venture, Company Split, and Share Transfer to ABB for Power Distribution Business | October 2026 | Japan IROct 20, 2026

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