# 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.

- Type: Acquisition
- Announced: 2019-02-15
- Where: Zurich, Switzerland, Switzerland
- Value: $11.0B
- Status: announced
- Products: power grid equipment, energy solutions
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [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

- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/abb-demerger-power-grid-business-hitachi/), 2019-02-15: "Hitachi will acquire ABB's Power Grid business, for an Enterprise Value of $11 billion for 100% of Power Grids."

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