# 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.

- Type: Partnership
- Announced: 2026-10-20
- Where: Japan, Japan
- Value: $52.3M (8.24B JPY)
- Status: announced
- Products: power distribution and control equipment
- 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

- [japanir.jp](https://japanir.jp/en/company/company-6503/ir/6503-20261020-01_wp_corporate_restructuring/), 2026-10-20: "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."

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