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Mitsubishi Electric will establish a new company to succeed its distribution control equipment business and transfer 51% of its shares to ABB for approximately 82.4 billion yen. The joint venture is expected to be formed in October 2027.
“三菱電機は、配電制御機器事業を承継する新会社を設立し、株式の51%をABBに譲渡して合弁会社化する。”automation-news.jp
Summarized from public sources; check the original articles before acting on it.