# Hitachi ABB Power Grids acquires Pioneer Global Solutions

Hitachi ABB Power Grids has acquired Pioneer Global Solutions, a provider of the TRMTracker multi-commodity trading and risk management platform, to expand its Energy Portfolio Management offering.

- Type: Acquisition
- Announced: 2020-09-28
- Status: announced
- Products: TRMTracker software, energy portfolio management
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hitachi ABB Power Grids](https://endata.com/companies/8446.md) (acquirer)
- [Pioneer Global Solutions](https://endata.com/companies/50204.md) (target)

## Sources

- [ctrmcenter.com](https://www.ctrmcenter.com/blog/vendor-news-blog/pioneer-announces-acquisition-by-hitachi-abb/), 2020-09-28: "Hitachi ABB Power Grids will expand its existing Energy Portfolio Management offering to create new value for energy market participants who trade, hedge risk and track emission and renewable energy credits for electricity and other commodities."

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