# European Commission approves Hitachi's acquisition of ABB's power grids division

The European Commission has approved the sale of ABB's power grids division to Hitachi, a transaction announced in 2018 involving an 80% stake for about $11 billion.

- Type: Acquisition
- Announced: 2020-06-02
- Where: Japan
- Value: $11.0B
- Status: announced
- Products: power grid equipment and automation systems
- 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)
- [ABB Power Grids](https://endata.com/companies/47546.md) (target)

## Sources

- [profit.ro](https://www.profit.ro/povesti-cu-profit/energie/unda-verde-divizia-de-retele-electrice-a-abb-va-fi-vanduta-catre-hitachi-tranzactia-vizeaza-si-piata-din-romania-19376140), 2020-06-02: "Comisia Europeană a aprobat vânzarea diviziei de rețele electrice a producătorul elvețian de echipamente ABB către japonezii de la Hitachi."
- [powertransformernews.com](https://www.powertransformernews.com/2020/06/04/eu-approves-acquisition-of-abb-grid-division-by-hitachi/), 2020-06-04: "The European Commission has approved, under the EU Merger Regulation, the acquisition of the power grid division of ABB of Switzerland by Hitachi of Japan."
- [hitachi.com](https://www.hitachi.com/en/press/articles/2020/07/0701/), 2020-07-01: "Hitachi Completes Acquisition of ABB's Power Grids Business; Hitachi ABB Power Grids Begins Operation"
- [transformers-magazine.com](https://transformers-magazine.com/tag/abb-power-grids/), 2020-07-10: "ABB has confirmed that the divestment of its Power Grids business is 'on track with closing expected at the end of the second quarter 2020'."

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