# Hitachi Energy to acquire minority stake in Arteche Gas Insulated Transformers, forming joint venture

Hitachi Energy and Arteche have signed an agreement for Hitachi Energy to acquire a minority stake in Arteche Gas Insulated Transformers S.L., forming a joint venture. The new company will be based in Vitoria, Spain, with Arteche holding 51% and Hitachi Energy 49%.

- Type: Acquisition
- Announced: 2022-01-14
- Where: Vitoria, Spain
- Status: announced
- Products: gas-insulated instrument transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hitachi Energy](https://endata.com/companies/15140.md) (acquirer)
- [Arteche](https://endata.com/companies/37692.md) (target)

## Sources

- [portalprzemyslowy.pl](https://portalprzemyslowy.pl/przemysl-gospodarka/energetyka/hitachi-energy-i-arteche-podpisaly-umowe-o-utworzeniu-spolki-joint-venture-oferujacej-przekladniki-w-izolacji-gazowej/), 2022-01-14: "Hitachi Energy i Arteche podpisały umowę o przejęciu przez Hitachi Energy mniejszościowego pakietu udziałów w Arteche Gas Insulated Transformers S.L."

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