# 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.

- Type: Acquisition
- Announced: 2018-12-17
- Value: $1.93B (1.70B EUR)
- Status: announced
- Products: power grids, digital grid solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Hitachi](https://endata.com/companies/1325.md) (acquirer)
- [ABB](https://endata.com/companies/1547.md) (target)

## Sources

- [pacw.org](https://www.pacw.org/hitachi-and-abb-power-grids), 2020-05-27: "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."

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