# Hitachi acquires 80.1% of ABB Power Grids in $11 billion deal

Hitachi Ltd. will acquire 80.1% of ABB's Power Grids unit for $11 billion, with plans to close in the first half of 2020.

- Type: Acquisition
- Announced: 2018-12-17
- Value: $11.0B
- Status: announced
- Products: power transformers, long-distance transmission systems, energy storage units
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hitachi](https://endata.com/companies/1325.md) (acquirer)
- [ABB](https://endata.com/companies/1547.md) (target)

## Sources

- [powermag.com](https://www.powermag.com/hitachi-acquires-abb-power-grids-business-in-11-billion-deal/), 2018-12-17: "Hitachi Ltd. and ABB on December 17 announced that Hitachi will acquire 80.1% of ABB’s Power Grids unit in an $11 billion deal."

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