# Hitachi to transfer stake in Mitsubishi Hitachi Power Systems to MHI

Hitachi will transfer its entire 35% stake in Mitsubishi Hitachi Power Systems to Mitsubishi Heavy Industries as part of a settlement over a South African power plant project. Hitachi will pay MHI 200 billion yen ($1.8 billion) in March 2020.

- Type: Acquisition
- Announced: 2019-12-18
- Where: Japan
- Value: $1.80B (200.0B JPY)
- Status: announced
- Products: power plant boilers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mitsubishi Hitachi Power Systems](https://endata.com/companies/1024.md)
- [Hitachi](https://endata.com/companies/1325.md)
- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (acquirer)
- [Mitsubishi Hitachi Power Systems](https://endata.com/companies/1024.md) (target)
- [Hitachi](https://endata.com/companies/1325.md) (partner)
- [Hitachi](https://endata.com/companies/1325.md) (target)
- [Mitsubishi Heavy Industries Forklift & Engine Turbo Holdings](https://endata.com/companies/25994.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/business/finance/hitachi-mhi-reach-settlement-over-south-african-project-idUSL4N28S042/), 2019-12-18: "Hitachi will pay MHI a settlement of 200 billion yen ($1.8 billion) in March and transfer to MHI its entire 35% stake in their joint venture Mitsubishi Hitachi Power Systems."
- [powermag.com](https://www.powermag.com/hitachi-will-exit-mhps-leaving-mhi-as-joint-ventures-sole-owner/), 2019-12-18: "MHI will now work towards the completion of the projects, along with strengthening the management of MHPS and transforming our power business to ensure sustainable growth."
- [sustainable-carbon.org](https://www.sustainable-carbon.org/hitachi-exiting-mhps-mhi-will-be-ventures-sole-owner/), 2019-12-19: "Under a Dec. 18-announced settlement reached by MHI and Hitachi, Hitachi will pay MHI 200 billion yen ($1.8 billion) in March, and transfer its 35% stake in MHPS to MHI."
- [diamond.jp](https://diamond.jp/articles/-/223974), 2019-12-19: "MHPSが三菱重工の100％子会社化が決まった"
- [mhi.com](https://www.mhi.com/jp/news/20191225.html), 2019-12-25: "当社100%出資子会社である三菱重工フォークリフト&エンジン・ターボホールディングス株式会社との間で吸収合併契約を締結いたしました。"
- [modernpowersystems.com](https://www.modernpowersystems.com/news/mhps-ends-with-boiler-settlement-7591647/), 2020-01-09: "Hitachi will transfer all its shares in MHPS (35% of the total) to MHI and in addition make additional payments to MHI."

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