# Hitachi completes acquisition of 80.1% stake in ABB Power Grids

Hitachi, Ltd. completed the acquisition of an 80.1% stake in the Power Grids business of ABB Ltd. for approximately $6.4 billion (enterprise value $11 billion). The business will become a Hitachi subsidiary headquartered in Switzerland.

- Type: Acquisition
- Announced: 2020-06-30
- Where: Switzerland, Switzerland
- Value: $6.40B
- Jobs: 36,000
- Status: completed
- Products: power grids, electrical equipment
- 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)
- [Hitachi ABB Power Grids](https://endata.com/companies/8446.md) (partner)
- [ABB Power Grids](https://endata.com/companies/47546.md) (target)

## Sources

- [uk.marketscreener.com](https://uk.marketscreener.com/quote/stock/ABB-LTD-9365000/news/Hitachi-Ltd-completed-the-acquisition-of-80-1-stake-in-Power-Grids-business-of-ABB-Ltd-33798971/), 2020-06-30: "Hitachi, Ltd. completed the acquisition of 80.1% stake in Power Grids business of ABB Ltd."
- [business-standard.com](https://www.business-standard.com/article/companies/hitachi-completes-merger-of-its-jv-business-unit-with-power-india-120070101864_1.html), 2020-07-01: "Hitachi and ABB today completed all required procedures for the formation of Hitachi ABB Power Grids in the 80.1:19.99 joint venture respectively, creating a new global power leader."
- [powermag.com](https://www.powermag.com/hitachi-absorbs-abb-power-grids-in-new-10b-joint-venture/), 2020-07-01: "Hitachi on July 1 commandeered a majority share of ABB’s lucrative Power Grids business and officially launched a joint venture company—Hitachi ABB Power Grids."
- [energyupdate.com.pk](https://www.energyupdate.com.pk/hitachi-completes-acquisition-of-abb-power-grids-to-tackle-renewable-energys-rise/), 2020-07-03: "A majority stake in ABB Hitachi Power Grids Inc. instantly makes Hitachi one of the largest global grid equipment and service providers, drastically expanding its access to the utility segment in all regions."
- [pv-magazine-latam.com](https://www.pv-magazine-latam.com/2020/07/06/la-compra-por-parte-de-hitachi-de-las-redes-electricas-deabb-podria-impulsar-la-e-movilidad-y-el-almacenamiento-de-energia/), 2020-07-06: "El gigante japonés de la electrónica Hitachi ampliará su negocio de trenes y autobuses eléctricos, gestión de la energía industrial, ciudades inteligentes, almacenamiento de energía y soluciones de software tras completar su adquisición del negocio de redes eléctricas que antes pertenecía a la empre"
- [latinlawyer.com](https://latinlawyer.com/article/chilean-and-brazilian-firms-in-hitachi-abb-us685-billion-power-deal), 2020-08-05: "Baker McKenzie LLP in London and Tokyo and Trench Rossi Watanabe in São Paulo have helped Japanese electronics giant Hitachi seal the Brazilian and Chilean stages of its US$6.85 billion acquisition of Swiss-Swedish company ABB's power grid division."

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