# Hitachi to acquire 80.1% stake in ABB's Power Grids business

Hitachi expects to complete the purchase of an 80.1% stake in ABB's Power Grids business in the first half of 2020, with an enterprise value of $11 billion. The stake is valued at approximately $6.4 billion after deducting debt.

- Type: Acquisition
- Announced: 2020-02-25
- Value: $6.40B
- Status: announced
- Products: power grids, grid automation, grid integration, high voltage products, transformers
- 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

- [windpowerengineering.com](https://www.windpowerengineering.com/hitachis-purchase-of-abbs-power-grids-business-to-be-complete-in-first-half-of-2020/), 2020-02-25: "Hitachi will acquire an 80.1% stake in the power grids business, making it a consolidated subsidiary."
- [pv-magazine-india.com](https://www.pv-magazine-india.com/2020/04/08/hitachi-gets-cci-nod-to-buy-80-1-stake-in-abbs-power-grid-arm/), 2020-04-08: "The acquisition will help Hitachi to strengthen its energy solutions globally by combining ABB's power grids products, systems, software and service solutions with its digital technology."

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