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ABB and Mitsubishi Electric announced a strategic alliance to create a joint venture for low-voltage electrical distribution and protection solutions. ABB will invest approximately $495 million (JPY 79 billion) for a 51% stake, with the transaction expected to close in the second half of 2027.
“La operación se articula mediante la creación de una empresa conjunta a partir del negocio de productos de distribución de energía de baja tensión de Mitsubishi Electric.”grudilec.com
Summarized from public sources; check the original articles before acting on it.