Hitachi to acquire 80.1% stake in ABB Power Grids for €1.7 billion

Hitachi announced on December 17, 2018, its decision to acquire an 80.1% stake in ABB's power grids business, with an option to acquire the remaining 19.9% stake. The acquisition is expected to be completed in the first half of 2020.

“Hitachi announced its decision to acquire ABB’s power grids business and offer innovative energy solutions globally by combining ABB’s world-class offerings, including advanced digital grid solutions, with Hitachi’s digital technology.”pacw.org

• 1 source
• pacw.orgHitachi and ABB Power Grids | PAC WorldpacworldMay 27, 2020

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