# ABB and Hitachi to form power grids joint venture

ABB and Hitachi are forming a joint venture that will include ABB's global Power Grids business. The transaction is expected to close by the first half of 2020, with Hitachi acquiring 80.1% and ABB retaining 19.9%.

- Type: Partnership
- Announced: 2019-10-25
- Where: Stockholm, Sweden, Sweden
- Status: announced
- Products: power grid automation, power grid integration, high voltage products, transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md)
- [Hitachi](https://endata.com/companies/1325.md) (partner)
- [ABB](https://endata.com/companies/1547.md) (partner)
- [B&R](https://endata.com/companies/1728.md) (partner)
- [Exeger Operations AB](https://endata.com/companies/43340.md) (partner)

## Sources

- [new.abb.com](https://new.abb.com/news/detail/36663/semiconductors-adaption-of-legal-structure), 2019-10-25: "ABB has taken the strategic step to expand their existing relationship with Hitachi by forming a power grids joint venture."
- [exeger.com](https://www.exeger.com/press-release/abb-partners-with-exeger-to-speed-up-worlds-transition-to-clean-energy/), 2019-11-18: "ABB's unparalleled knowledge in automating factories and their portfolio of smart robotics solutions is a perfect fit for our ambitions to quickly scale up our solar cell manufacturing process."
- [roboticstomorrow.com](https://www.roboticstomorrow.com/news/2019/11/19/abb-partners-with-exeger-to-speed-up-worlds-transition-to-clean-energy-/14443/), 2019-11-19: "ABB's unparalleled knowledge in automating factories and their portfolio of smart robotics solutions is a perfect fit for our ambitions to quickly scale up our solar cell manufacturing process."
- [automation-news.jp](https://www.automation-news.jp/2019/12/45260/), 2019-12-03: "ABBは、ロボティクス＆ディスクリート・オートメーションビジネスの1ユニットであるB＆Rとの事業融合化に向けて、ABBのロボット事業にB＆Rマシンオートメーションを一体化し、B＆Rのコントロール、I／O、ドライブのすべてのコンポーネントとロボットがワンストップショップできる体制にする。"

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