Hitachi to acquire ABB's Power Grid business for $11 billion

Hitachi Limited will acquire ABB's Power Grid business for an enterprise value of $11 billion. ABB will spin off the business into a joint venture, initially retaining a 19.9% stake, with Hitachi holding a call option to acquire the remaining shares. The transaction is expected to close by the first half of 2020.

“Hitachi will acquire ABB's Power Grid business, for an Enterprise Value of $11 billion for 100% of Power Grids.”mnacritique.mergersindia.com

• 1 source
• mnacritique.mergersindia.comABB to exit Power Grid Business; Focus on New Technologies | M&A CritiqueAniruddha JainFeb 15, 2019

Summarized from public sources; check the original articles before acting on it.