# Hitachi and ABB form joint venture Hitachi ABB Power Grids

Hitachi Ltd. and ABB Ltd completed the formation of Hitachi ABB Power Grids Ltd, a joint venture with Hitachi holding an 80.1% stake and ABB the balance, headquartered in Zurich, Switzerland.

- Type: Acquisition
- Announced: 2024-02-05
- Where: Zurich, Switzerland, Switzerland
- Status: completed
- Products: power grid solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hitachi ABB Power Grids](https://endata.com/companies/8446.md)
- [Hitachi](https://endata.com/companies/1325.md) (acquirer)
- [ABB](https://endata.com/companies/1547.md) (partner)

## Sources

- [hitachienergy.com](https://www.hitachienergy.com/us/en/news-and-events/press-releases/2020/07/hitachi-abb-power-grids-commences-operations), 2024-02-05: "Hitachi’s leading digital technologies merged with world-class power grid solutions will help us to play an active role in the global transformation and decarbonization of energy systems for a sustainable energy future."

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