# Hitachi in advanced talks to acquire ABB's Power Grid business for up to $7.05B

Hitachi is in advanced negotiations to acquire ABB's power grid business in a deal potentially valued at up to $7.05 billion. Hitachi intends to initially acquire a 50% stake and later make it a wholly-owned subsidiary.

- Type: Acquisition
- Announced: 2021-04-24
- Value: $7.05B
- Status: rumored
- Products: power transmission equipment, control systems
- 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

- [hbuk.co.uk](https://hbuk.co.uk/hitachi-reaches-deal-worth-up-to-7bn-for-abbs-power-grid-business), 2021-04-24: "Hitachi is in the final stage of talks to purchase this ABB unit for an estimated sum of 800 billion yen."

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